You buy items costing $1000 and finance the cost with a fixed installment loan for 30
months at 4% simple interest per year.
a. What is the finance charge?
b. What is your monthly payment?

Answers

Answer 1

Answer:

The monthly payments will be $ 36.66, and the finance charge will be $ 100.

Step-by-step explanation:

Since I buy items costing $ 1000 and finance the cost with a fixed installment loan for 30 months at 4% simple interest per year, to determine what is the finance charge and what is my monthly payment, the following calculations must be performed:

1 year = 12 months

30 months / 12 = 2.5 years

(1000 x (1 + (0.04 x 2.5))) / 30 = X

(1000 x (1 + 0.1) / 30 = X

(1000 x 1.1) / 30 = X

1100/30 = X

36,666 = X

Therefore, the monthly payments will be $ 36.66, and the finance charge will be $ 100.


Related Questions

» Choose ALL the lines of symmetry for the shape.

Answers

Answer:

the first one , one below it and the one beside the one below it

Step-by-step explanation:

Answer:

sorry I don't Know

4(12+3) distributive property

Answers

[tex]\huge\textsf{Hey there!}[/tex]

[tex]\large\textsf{4(12 + 3)}[/tex]

[tex]\large\textsf{= 4(12) + 4(3)}[/tex]

[tex]\large\textsf{4(12) = \bf 48}[/tex]

[tex]\large\textsf{4(3) = \bf 12}[/tex]

[tex]\large\textsf{= 48 + 12}[/tex]

[tex]\large\textsf{= \bf 60}[/tex]

[tex]\boxed{\large\textsf{Answer: \huge 60}}\large\checkmark[/tex]

[tex]\large\text{OR} \downarrow[/tex]

[tex]\large\textsf{4(12 + 3)}[/tex]

[tex]\large\textsf{12 + 3 = \bf 15}[/tex]

[tex]\large\textsf{= 4(15)}[/tex]

[tex]\large\textsf{= \bf 60}[/tex]

[tex]\boxed{\large\textsf{Answer: \huge 60}}\large\checkmark[/tex]

[tex]\boxed{\boxed{\large\textsf{OVERALL \underline{ANSWER}: \huge \bf 60}}}\huge\checkmark[/tex]

[tex]\huge\checkmark\boxed{\boxed{\large\textsf{Or you can say: \huge \bf 48 + 12}}}\huge\checkmark[/tex]

[tex]\large\text{Good luck on your assignment and enjoy your day!}[/tex]

~[tex]\frak{Amphitrite1040:)}[/tex]

[tex] \huge\boxed{\mathfrak{Answer}}[/tex]

[tex]4(12 + 3) \\ = 4 \times 12 + 4 \times 3 \\ = 48 + 12 \\ = 60[/tex]

=> Property used = distributive property.

PLEASE HELPPP
Which one is equivalent??​

Answers

Answer:

the answer is A AND WE LOVE BILLIE

Step-by-step explanation:

What is the mode for the set of data shown below?
14, 28, 33, 97, 53, 81, 42, 28, 32, 35, 75, 38, 69, 95, 49, 90
A. 14
B. 28
C. 95
D. 32

Answers

I think the answer is b

Answer:

28

Step-by-step explanation:

4, 28, 33, 97, 53, 81, 42, 28, 32, 35, 75, 38, 69, 95, 49, 90

Mode is the number that appears most often

4, 28, 28,  32, 33,35, 38, 42, 49,53,69, 75, 81, 90,  95, 97

28 appears twice

In the triangle below, which of the following is equivalent to the tangent of
62°?

Answers

Answer:

tan62= 7/25

Step-by-step explanation:

tan = opposite/adjacent

Option A is the correct answer.

We need to find, from the given option which is equivalent to the tangent of 62°.

What is the ratio of trigonometric function tangent?

The ratio of trigonometric function tangent is tanθ=Opposit/Adjacent.

Now, tan62°=24/7.

Therefore, option A is the correct answer.

To learn more about trigonometric ratios visit:

https://brainly.com/question/13724581.

#SPJ2

Determine the following information about each value in a list of positive integers. a. Is the value a multiple of 7, 11, or 13? b. Is the sum of the digits odd or even? c. Is the value a prime number?

Answers

The value of a multiple is 7 , 11 or 14

Which of the following proportions would allow you to find the height of the tree shown below? (Hint: Look closely at the units in the problem.)

Answers

Answer:

[tex] \frac{x}{125} = \frac{4.833}{5.5} [/tex]

Step-by-step explanation:

the key is to be consistent

make the fraction of the big triangle x / 125 and the small triangle 4.10 in. /5.5 ft

problem is measured in the unit of feet, 10 in. is equal to approximately 0.833 ft.

tipler stock dropped $5 monday, rosary $3 Tuesday, and rose $7 Wednesday. what was the net change in price of the stock​

Answers

Answer:

drooped $1

Step-by-step explanation:

first,dropped $5=(-$5)

second,rosary $3=(-$3)

third,rose $7=(+$7)

solution:

(-$5)+(-$3)+(+$7)

=-$5-$3+$7

=-$8+$7

=-$1

the net change in price of the stock was drooped $1 .

The required net change in the price of the stock is -$1.

Given that,
Tipler stock dropped $5 Monday, rosary $3 Tuesday, and rose $7 Wednesday. To determine the net change in the price of the stock​

What is arithmetic?

In mathematics, it deals with numbers of operations according to the statements. There are four major arithmetic operators, addition, subtraction, multiplication and division,

Here,
On Monday price dropped by $5 = -$5
On Tuesday price dropped by -$3 = -$3
On Wednesday price rose by $7 = +$7
Net = -5 -3 +7
Net = -$1


Thus, the required net change in the price of the stock is -$1.

Learn more about arithmetic here:

brainly.com/question/14753192

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Eight More than the product of 24 and a number use the variable n to represent the unknown number

Answers

Answer:

24n + 8 = 0

Step-by-step explanation:

Let the unknown number be n.

From the question, we can deduce the following points;

- product of 24 and a number = 24 * n

- eight more than the above calculation = 24n + 8

Therefore, translating the word problem into an algebraic expression, we have;

(24 * n) + 8 = 0

24n + 8 = 0

Simplifying further, we have;

24n = -8

n = -8/24

n = -1/3

PLEASE HELP! Two gears are connected and are rotating simultaneously. The smaller gear has a radius of 4 inches, and the larger gear has a radius of 9 inches. Part 1: What is the angle measure, in degrees and rounded to the nearest tenth, through which the larger gear has rotated when the smaller gear has made one complete rotation? Part 2: How many rotations will the smaller gear make during one complete rotation of the larger gear?​

Answers

Step-by-step explanation:

(1) 4/9 × 360° = 160°

(2) 9/4 rotations or 2¼ rotations

solve the following equations 2p + 3p + 8 - 4 = 54

Answers

Answer: hope this helps :)

pls help ill give u brainlest

Answers

Answer:

number 1

Step-by-step explanation:

plz can u give me brainelist ill plus you wanna be freinds

The answer is (A) I’m not sure

Simplify the expression:
w+3w

Answers

Answer:

4w

Step-by-step explanation:

1w+3w=4w

Answer:

w+ 3w = 4 w. helpful answer

Brainliest to who gets it right no links

Answers

A. t(x)=450-0.06x

hope this helps

The area of a rectangle is 28 m', and the length of the rectangle is 1 m more than twice the width. Find the dimensions of the rectangle.

Answers

Answer:

8m ×3.5m

Step-by-step explanation:

Area of rectangle= length ×width

Let the length and width of the rectangle be L and W meters respectively.

Area of rectangle= LW

LW= 28 -----(1)

L= 2W +1 -----(2)

Subst. (2) into (1):

(2W +1)(W)= 28

Expand:

2W² +W= 28

-28 on both sides:

2W² +W -28= 0

Factorise:

(W +4)(2W -7)= 0

W +4=0 or 2W -7=0

W= -4 (reject) or W= 3.5

Substitute W= 3.5 into (2):

L= 2(3.5) +1

L= 7 +1

L= 8

∴ The dimensions of the rectangle is 8m ×3.5m.

Answer this pls. its all about the pythagorean theorem thanks​

Answers

Answer:

The answer is below

Step-by-step explanation:

A triangle is a shape with three sides and three angles. There are different types of triangles such as isosceles, equilateral, scalene, obtuse, acute and right angled.

In a right angled triangle, the side with the longest length is known as the hypotenuse and this sides is always opposite to the right angle (90 degrees). Pythagoras states that the square of the hypotenuse is equal to the sum of the square of the remaining sides.

a) u² = h² + b²  (1)

t² = h² + a²     (2)

(a + b)² = t² + u²

(a + b)² = (h² + a²) + (h² + b²)

a² + b² + 2ab = 2h² + a² + b²

2h² = 2ab

h² = ab = 5(3) = 15

u² = h² + b² = 15 + 3² = 24

u = √24

b) u² = h² + b²  (1)

t² = h² + a²     (2)

(a + b)² = t² + u²

(a + b)² = (h² + a²) + (h² + b²)

a² + b² + 2ab = 2h² + a² + b²

2h² = 2ab

h² = ab = 4(2) = 8

h = √8

c) u² = h² + b²  (1)

t² = h² + a²     (2)

(a + b)² = t² + u²

(a + b)² = (h² + a²) + (h² + b²)

a² + b² + 2ab = 2h² + a² + b²

2h² = 2ab

h² = ab = 7(7) = 49

h = 7

u² = h² + b² = 7² + 7² = 98

u = √98

t² = h² + a² = 7² + 7²

t = √98

0.088 is more than 0.78, right?​

Answers

No 0.78 is more than 0.088

Hi there!  

»»————- ★ ————-««

I believe your answer is:  

No.

[tex]0.088 < 0.78[/tex]

»»————- ★ ————-««  

Here’s why:  

0.088 can be described as "eighty-eight thousandths". 0.78 can be described as "seventy-eight hundredths."Thousandths has a lesser value than hundredths.  0.088 is less than 0.78, not greater than.

»»————- ★ ————-««  

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

The expression 0.75(1.06p) represents the total amount Jaxon paid for a jacket
originally priced p dollars. Which changes to the original price could have resulted in
this expression?

Answers

Answer:

0.75 could be a 25% discount. 1.06 could be a sales tax.

Step-by-step explanation:

If  p  is the original price, then  1.06p  could be the amount after a 6% tax is include.  Then multiplying by  0.75  could indicate a 25% discount (if you don't pay 25% = 0.25, then you do pay 75% = 0.75).

In case you're wondering about discounting first then charging tax, the result is the same because the multiplication can be done in either order.

0.75(1.06p) = 1.06(0.75p)

Leon tried to solve an equation step by step.

Answers

Step-by-step explanation:

in step 2 leon made mistake

OPTION B step 2

[tex] \frac{1}{2} w = 30[/tex]

[tex]w = 30 \times 2[/tex]

[tex]w = 60[/tex]

A rectangle’s length is two feet less than three times it’s width. If it’s width is 7 feet, then which of the following is its area?

1. 19 square feet
2. 57 square feet
3. 114 square feet
4. 133 square feet

Answers

The answer would be 19



Explanation is that 7x3 = 21 -2 = 19

Please help if you really can help with this math question.
If a question asks “which of the following best estimates the area?” My answer was $4800. If it’s asking for estimation is it suppose to be $5000 ???

Answers

Answer:

I'm pretty sure it is suppsoed to be 4800.

Step-by-step explanation:

For what values of x is the expression below defined?
VX + 4 = V1- x

Answers

Answer:

A

Step-by-step explanation:

A square root must be positive or equal to 0

x + 4 ≥ 0

x ≥ -4

1-x > 0

-x > - 1

x < 1

If we unite the two solutions, we have

-4 ≤ x < 1

The girls in Lana’s troop set a goal to sell 1,000 boxes of cookies this year. There are 13 girls in the troop. At least how many boxes of cookies should each girl sell to reach their goal?

Answers

Answer:

Each girl should sell at least 77 boxes.

Step-by-step explanation:

Considering the number of boxes and how many girls will them, just take [tex]\dfrac{100}{13} \approx 77[/tex]

The exact result is [tex]\dfrac{100}{13} = 76.923...[/tex], but [tex]76 \cdot 13 = 988[/tex] and [tex]77 \cdot 13 = 1001[/tex], therefore, 76 cannot be the result. So, each girl should sell at least 77 boxes.

how do u find the percent of 36 and 40? Thanks!​

Answers

36/40=0.9 so the percentage would be 9%
Hope this helped!


1. daily low temperatures the first 7 days of
February (°F): 25, 24, 25, 27, 25, 23, 15
median:
mode:

Answers

Answer:

Median: 25

Mode: 25

Step-by-step explanation:

Two lines intersect at a:
A.line
B. Plane
C. Ray
D. Point

Answers

Answer:

D

Step-by-step explanation:

two lines intersect at a point, because the lines are made of points and when they intersect they share a point; the point of intersection belongs to both lines in the same time.

Hi there!  

»»————- ★ ————-««

I believe your answer is:  

D) Point

»»————- ★ ————-««  

Here’s why:  

⸻⸻⸻⸻

A point marks a location of something. It has no size, so it is position only. When two lines intersect, they share a common point called point of intersection. Therefore, we can say that two lines intersect at a point.

⸻⸻⸻⸻

»»————- ★ ————-««  

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

A regular polygon first maps directly onto itself after rotating 120 degrees. How many sides does the polygon have?
1
2
3
4

Answers

The answer is ,The polygon has 3 sides

In the diagram of XYZ, which term describes point ?
х
z
w
Y
O A. Circumcenter
O B. Incenter
O C. Orthocenter
D. Centroid

Answers

The answer should be B. Incenter

Evren used 24 centimeters of tape to wrap 3 presents. How many presents would Evren be able to wrap with 112 cm of tape?

Answers

Answer:

14

Step-by-step explanation:

Since we're given the conversion 24 cm for every 3 presents wrapped, we can divide our total amount of tape by this conversion, assuming a constant proportion.

Evren has 112 cm of tape. We can write the following proportion:

[tex]\frac{112}{x}=\frac{24}{3}[/tex], where [tex]x[/tex] is the number of presents he can wrap with 112 cm.

Cross-multiplying, we have:

[tex]24x=336,\\x=\frac{336}{24}=\boxed{14\text{ presents}}[/tex]

Evren will be able to wrap 14 presents with 112 cm of tape.

Since Evren used 24 centimeters of tape to wrap 3 presents, the length of centimeters used per present will be:

24/3 = 8cm per present.

Therefore, since Evren used 112 cm of tape, the number of presents that will be taped will be:

= 112/8

= 14

In conclusion, Evren will be able to wrap 14 presents with 112 cm of tape

Read related link on:

https://brainly.com/question/22381649

3. Suppose college faculty members with the rank of professor at two-year institutions earn an average of $52,500 per year with a standard deviation of $4,000. In an attempt to verify this salary level, a random sample of 60 professors was selected from a personnel database for all two-year institutions in the United States. A. What are the mean and standard deviation of the sampling distribution for n

Answers

Answer:

The right answer is "516.3978".

Step-by-step explanation:

Given:

Sample mean,

[tex]\mu=52500[/tex]

Standard deviation,

[tex]\sigma=4000[/tex]

Random sample,

[tex]n = 60[/tex]

We can say that, the sample mean will be equivalent to the population mean.

So,

⇒  [tex]\mu_\bar x=\mu[/tex]

        [tex]=52500[/tex]

hence,

The standard deviation will be:

⇒ [tex]\sigma_\bar x[/tex] = [tex]\frac{\sigma}{\sqrt{n} }[/tex]

        [tex]=\frac{4000}{\sqrt{60} }[/tex]

        [tex]=516.3978[/tex]

 

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