Divide the APR by 360 days and multiply it by 30 days to get the monthly interest. Each loan is usually secured by the car you bought. So we will use the secured APR.
8. Average rating secured apr: 5.85% divide by 360 multiply by 30: 0.4875% monthly rate
Cost of car: 19,725 ; sales tax: 4.75% ; down payment: 2,175
19,725 x 1.0475 = 20,661.94 - 2,175 = 18,486.94 loan amount
18,486.94 x 0.4875% = 90.12 accrued interest for the 1st month.
9. Excellent rating secured apr: 4.80% divide by 360 multiply by 30: 0.40% monthly rate
Cost of car: 15,867 ; sales tax: 5.25% ; down payment: 10% of total cost
15,867 x 1.0525 = 16,700.02 x 90% = 15,030.02 the principal balance at the start of the loan.
10. Fair rating secured apr: 7% divide by 360 multiply by 30: 0.5833% monthly rate
Cost of new car: 19,072 ; sales tax: 4.5% ; down payment: 1,200
Cost of used car: 15,365; sales tax: 4.5% ; down payment: 1,200
19,072 x 1.045 = 19,930.24 - 1,200 = 18,730.24
18,730.24 x 0.5833% = 109.25 accrued interest
15,365 x 1.045 = 16,056.43 - 1,200 = 14,856.43
14,856.43 x 0.5833% = 86.66 accrued interest
109.25 - 86.66 = 22.59 is the difference in interest accrued by the end of the first month.
If one labour works 200 hours per month, the amount of hot water heaters the labour can produce is = 200 × 0.25 = 50 hot water heaters
The demand is to produce 57600 hot water heaters
The number of labourers employed is 57600 ÷ 50 = 1152 labourers
Hey There!
To solve this problem you need to know the math term "PEMDAS". For this problem we will be using the A and S part (addition & subtraction). When an order of operation problem has only addition and subtraction, you solve the problem by the order of left to right. First, you do 14-10 which equals 4, then you add 5, which equals 9, then you add 9 to 3, that equals 12 then you add 2 to that which equals 14. You're final answer should be 14.
Hope This Helped ;)
Answer:
save up and pay cash
Step-by-step explanation:
paying cash is always the best idea and not trying to get so much debit. If you did one other otion and have the debit some emergency can come up and you will not be able to pay for that, and aying cash you save more money