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1 answer:
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Answer:
Option A- 294.85
Step-by-step explanation:
Given : Andrea is buying a car for $21,450 she will finance $16,450 of it with a 5 year loan at 2.9% APR.
To find : The monthly auto payment.
Solution : From the table we get that monthly car loan payment per $1000 borrowed when interest rate is 2.9% on a 60 month loan is
Monthly car loan payment per $1000 borrowed is $17.924
Per $1000 the finance is
Monthly payment = Monthly car loan × Finance
Therefore, Option A is correct.
The Monthly payment is $294.85.
Answer:
125.4
Step-by-step explanation:
Given
Required
Round to 1 decimal place
Up till the first decimal place, the number is:
The digit after .3 is 5
The conditions for approximation are:
- If n > 4, approximate to 1
- Else: approximate to 0
In this case: 5 > 4, so we approximate to 1
Add this "1" to the last digit of 125.3. This becomes 125.4
<em>Hence: when the number is approximated to 1 decimal place, the digit is 125.4</em>