Jaime needs to buy a new refrigerator for his apartment. He found what he needed for
$1,300 at a well-known appliance store. The store is offering two options for Jaime to
finance the appliance:
Option: A store credit card with a $1,500 limit:
1) The credit card charges 16.5% annual interest rate
2) The minimum monthly payment is $100 plus the monthly
finance charge
3) No down payment required
4) The loan is expected to be paid off in 12 months to avoid
additional penalties
Option II: The appliance store offers an installment loan for his purchase:
Loan charges a simple interest rate of 12,5%
2) Loan must be paid off in 12 equal payments to avoid penalties
A $300 down payment is required
A Which Option should Jaime choose if he wants the interest he pays to be as
small as possible?

Answers

Answer 1

The second option should be chosen as it depicts the amount with the lowest interest.

How to calculate the interest

For option 1, the annual interest will be:

= $1300 × 16.5% = $214.50

The monthly finance charge will be:

= $1300 × (0.165/12)

= $17.88

The minimum monthly payment for the first month will be:

= $100 + $17.88 = $117.88

Hence, the total amount paid will be:

= ($117.88 × 12) + $214.50

= $1629.06

For option 2, the simple interest will be:

= (1300 × 12.5%)

= $162.50

The amount that will be paid monthly will be:

= $1000/12

= $83.33.

In this case, the total amount paid will be:

= $162.50 + $1300

= $1462.50

Therefore, the second option is better as it's cheaper.

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Related Questions

What is the least common multiple of the two denominators 6/8 and 4/32, only answer are 18, 8, 32, and 12 which one there are no 4

Answers

Answer:

32

hope this helps

have a good day :)

Step-by-step explanation:

Answer:

the correct answer is 32

Find missing measure

Answers

Answer:

x = 40°

Step-by-step explanation:

using the angle sum theorem...

180 - 90 - 91 - 51 = 40

Answer:

Step-by-step explanation:

51+x+90+91=360(sum of four angles is always 360 degree)

232+x=360

x=360-232

x=128

How do you find the area of a circle???

Answers

The area of a circle is pi times the radius squared
A= π r2 Depending on what the value is in “r”

I borrowed $400 to buy an MP3 player. I got a two-year loan, and the lender is charging 8% simple annual interest. How much money will I have to pay back?


What decimal is equivalent to 8%?

Answers

Answer:

$464 (0.08 is the decimal form of 8%)

Step-by-step explanation:

Answer:

The Answer is 0.08 Just did the Question

Step-by-step explanation:

What is the value of x?
56
89
360
104

Answers

If the three angles in a figure having four sides are 124°,76°,71° then the value of x is 89°.

Given the measure of three angles 124°,76°,71°.

We are required to find the value of x which is an angle of a quadrilateral.

Quadrilateral is a figure or shape that is having four sides and four angles.

We know that the sum of all four angles of a quadrilateral is 360°.

So the following expression will appear from the above rule:

x+124+76+71=360

Now solve the aove expression for the value of x.

x+271=360

x=360-271

x=89

Hence if the three angles in a figure having four sides are 124°,76°,71° then the value of x is 89°.

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A vendor supplies 32 litres of milk to a hotel in the morning and 68 litres of milk in the evening. If the milk costs Rs 15 per litre, a. Write a numerical expression for the given statement. B. Which property of whole numbers would you use to form a numerical expression for the given statement? C. How much money he gets per day for the supply?

Answers

Answer:

a) (15 × 32) + (15 × 68)

b) Distributive property

c) $1500

Step-by-step explanation:

A vendor supplies 32 litres of milk to a hotel in the morning and 68 litres of milk in the evening. If the milk costs Rs 15 per litre,

a. Write a numerical expression for the given statement.

The numerical expression for the given statement is written as:

$15 × 32 liters + $15 × 68 liters

15 × 32 + 15 × 68

B. Which property of whole numbers would you use to form a numerical expression for the given statement?

The property that I would use to form a numerical expression is a distributive property

a × (b + c) = (ab + ac)

Where a = $15

b = 32 liters

c = 68 liters

Hence:

15 (32 + 68) = (15 × 32) + (15 × 68)

C. How much money he gets per day for the supply?

The amount he gets per day:

15 (32 + 68) = (15 × 32) + (15 × 68)

= $1500

Question 16 of 20
To the nearest hundredth, what is the circumference of a circle with a radius
of 7 units?
A. 43.98 units
B. 21.99 units
C. 35.75 units
D. 153.94 units

Answers

Answer:

43.98

Step-by-step explanation:

The circumference of a circle with a radius of 7 units is approximately 43.98 units, which corresponds to option A.

What is the Circumference of a circle?

The Circumference of a circle is defined as the product of the diameter of the circle and pi.

Given that the radius of the circle is 7 units, we can substitute this value into the formula:

To find the circumference of a circle, we can use the formula C = 2πr, where C represents the circumference and r represents the radius.

C = 2π(7) = 14π

Use the approximation π ≈ 3.14:

C ≈ 14(3.14) = 43.96

Rounding this value to the nearest hundredth, we get approximately 43.98 units.

Therefore, the circumference of a circle with a radius of 7 units is approximately 43.98 units.

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Finde the valu of x if 1+x=0​

Answers

Answer:

x = -1

Step-by-step explanation:

Answer:

Step-by-step explanation:

X=-1

Because,

If we add 1+(-1)

It would be 0.


When a warehouse opened, it had an inventory of 6,000 items. Every month, the inventory increases by 3,000 items.
Which graph has the most appropriate scales and units for this situation?

Answers

Answer:

Step-by-step explanation: 90% of people marry there 7th grade love. since u have read this, u will be told good news tonight. if u don't pass this on nine comments your worst week starts now this isn't fake. apparently if u copy and paste this on ten comments in the next ten minutes you will have the best day of your life tomorrow. you will either get kissed or asked out in the next 53 minutes someone will say i love you  

What is that number in scientific notation form??

Answers

Answer:

D. 3.7 × 10⁶

Step-by-step explanation:

3.7 × 10⁶

3700000

Can someone help me with this ?

Answers

Answer:

Step-by-step explanation:

the side opposite of K is JL.

answer: the side opposite is JL

explanation:








The topic is about secant tangle angles

Answers

Answer:

41

Step-by-step explanation:

360-(104+104+111)=41

Pls help I’ll give brainlest

Answers

the answer is 40 yards. hfjjfnfhcnfnc

simplify
[tex] \sqrt{12} [/tex]

Answers

2 and then on the inside of a square root is 3

Hi there!  

»»————- ★ ————-««

I believe your answer is:  

[tex]\huge\boxed{2\sqrt{3}}[/tex]

»»————- ★ ————-««  

Here’s why:  

[tex]\boxed{\text{Simplifying the square root of 12}}\\\\\rightarrow\sqrt{12}\\\\\text{4 can be factored out of 12.}\\\\\rightarrow\sqrt{4(3)}\\\\\text{Two '2's can be factored out of 4.}\\\\\rightarrow\sqrt{2*2*3}\\\\\rightarrow\sqrt{2^2(3)}\\\\\text{Pulling out the terms from under the radical...}\\\\\rightarrow\boxed{2\sqrt{3}}[/tex]

»»————- ★ ————-««  

Hope this helps you. I apologize if it’s incorrect.  

PLEASE HELP DUE IN 5 MINUTES!! NO LINKS! HELP PLEASE!!

Answers

Answer:

Step-by-step explanation:

its about 263.08!

Answer: about 263.08 sq meters (choice C)

====================================================

Explanation:

We'll use this formula

S = (x/360)*A

where,

S = area of pie slice, aka sectorx = central angle in degreesA = area of full circle

We'll plug in S = 85.5 and x = 117 to find solve for A.

S = (x/360)*A

85.5 = (117/360)*A

85.5*(360/117) = A

A = 85.5*(360/117)

A = 263.076923076923 which is approximate

A = 263.08 square meters (choice C)

------------

Side note: As the formula suggests, the x/360 portion is the fractional portion of the full area A. For example, if x = 180 degrees, then x/360 = 180/360 = 1/2, meaning we'll take half of the full circle area to get S.

Determine if the two triangles in the image above are similar. If so, what’s the correct postulate. SSS, SAS, AA, or None

Answers

Answer:

SAS

Step-by-step explanation:

how many seconds are in a whole week?!
A. 200,400
B. 406,800
C. 604,800
D. 605,800
E. 604,000​

Answers

Answer:

E 604,000

Have a nice day

MATH PLEASE HELP ! PLEASE

Answers

Answer:

wait I am solving this

Step-by-step explanation:

mark it as the brainliest to get the answer

The value of a house has increased by 5% the house is now valued at £609000 what is the value of the house before the increase? I found a post that answered the question but it didn't explain how they got the answer.

Answers

Answer:

[tex]Current \ price = 609000\\\\Let \ the \ original \ price \ be = x\\\\\% increase = 5 \% \ of \ x = \frac{5}{100} \times x = \frac{5x}{100}\\\\Price \ after \ increase, current\ price = \frac{5x}{100} + x\\\\[/tex]

[tex]=> 609000 = \frac{5x}{100} + x\\\\=>609000 = \frac{105x}{100}\\\\=> x = \frac{609000 \times 100}{105}\\\\x = 580000[/tex]

Therefore original price = $580,000

HELPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP PLEASEEEEEEEEEEEE im confused

Answers

Answer:

1.B,C,D

2.A,D,E

I don't really know how to explain it to you but thats your answer :D

explain how you can determine if a triangle is a right triangle. (make it look like a middle schooler wrote it :) )

Answers

Answer:

if one of the angles is 90°

Step-by-step explanation:

when it has an angle that is 90° that means that it is a right triangle

let me know if you need more b/c I wasn't sure whether to make it more advanced for middle school lol

Hope this helps! :)

Solve for x.
2x + 4
4x - 88
x = [?]

Answers

Solve for x.
2x + 4= 8
4x - 88 = -352
x = [?]

what number is equal to 3 thousands+ 7 tens+ 5 ones

Answers

Answer:

3075

Step-by-step explanation:

There is 3 thousands so 3,000 no hundreds so 0 then 7 tens,70, then 5 one,5, so 3075

Answer:

3,075

Step-by-step explanation:

3 thousands = 3,000

0 hundreds = 0

7 tens = 70

5 ones = 5

A tub is filled with 18000 cm3 of water. It loses one-tenth of its water every 12 hours. What volume of water would be remaining in the tub at the end of 5 days

Answers

Answer:

0 cm³

Step-by-step explanation:

the lost of water =

(5×24)/12 x 1/10 × 18000

= 10/10 × 18000 = 18,000 cm³

so, the remaining water in the tub=

18,000 - 18,000 = 0 cm³

(the tub is empty)

74,308 Problem: Round the number above to the nearest ten.

Answers

Answer:

74,310

Hope this helped! ^^

Answer:

[tex] = 74,310[/tex]

step by step explanation:

Mr. Roundtree had 20 tickets. He gave 10 to his family and 8 to his friends.​

Answers

He has two tickets left

NO LINKS PLEASE ..Solve for x

Answers

Answer:

x = 42.5

Step-by-step explanation:

all triangles inscribed into a circle like in the picture must have a 90 degree angle.

so, 90 = 2x + 5, 85 = 2x, x = 85/2 = 42.5

Find the circumference of a circle with a radius of 6 inches.

Answers

Answer:

C≈37.7

Step-by-step explanation:

C = 37.68

Step-by-step explanation:

6×2 = 12

C = pi d

C = 3.14 × 12

C = 37.68

How many distinct "pieces" are in this graph?

Answers

Answer:

2

Step-by-step explanation:

the first point and where the line turns

A ship from Port travels fot 60km on the bearing of 129°.It continues to travel and changes direction for another 50km on a bearing of 080°

Answers

Answer:

The ship is approximately 100 km to the Port.

Step-by-step explanation:

The sketch to the question gives a triangle with two sides and an included angle. Let the distance from the Port to the stopping point of the ship be represented by c. It can be determined by the application of cosine rule. Cosine rule states that:

[tex]c^{2}[/tex] = [tex]a^{2}[/tex] + [tex]b^{2}[/tex] -2ab Cos C

a = 50 km

b = 60 km

C = 51 + 80 = [tex]131^{o}[/tex]

So that;

[tex]c^{2}[/tex] = [tex]50^{2}[/tex] + [tex]60^{2}[/tex] -2(50 x 60) Cos [tex]131^{o}[/tex]

   = 2500 + 3600 -6000 x -0.6561

   =  6100 + 3936.6

[tex]c^{2}[/tex] = 10036.6

c = [tex]\sqrt{10036.6}[/tex]

  = 100.183

c = 100.18 km

Thus, the ship is approximately 100 km to the Port.

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