Find Atlas weekly pay by multiplying rate by hours:
15.20 x 34 = 516.80 a week.
Now to find Apri’s rate divide the weekly pay by hours:
516.80 / 38 =$13.60 per hour
The value of 4 is Hundreds.
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A) The amount financed is the purchase amount less the down payment.
$2,574.54 -574.54 = $2000.00
B) The finance charge is the total of payments less the amount financed.
18*$121.00 -2000.00 = $178.00
C) The APR is calculated by a financial calculator to be 10.96%.