answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olganol [36]
2 years ago
15

You have just finished paying off your $35,125 loan, a feat which took ten years of quarterly payments. The loan had an interest

rate of 7.44%, compounded quarterly. If you also paid $5,180.70 in service charges, what percentage of the total cost was made up by your finance charges? Round all dollar values to the nearest cent. a. 25.69% b. 36.47% c. 57.41% d. 27.10%
Mathematics
2 answers:
erastovalidia [21]2 years ago
7 0

Answer:

36.47%

Step-by-step explanation:

mezya [45]2 years ago
3 0
We have to compute first for the total cost of the loan by obtaining the monthly amortization:
<span> A= P/ [(1+ r/n)^n-1] /r(1+r/n)^n</span>
where
P= loan amount 
P= $35125
r=interest rate of 7.44%
n = compounding frequency of 4
t= length of loan 10 years
A= $1252.7
Total cost = $1252.7x40=$50108
Computing the percentage of the finance charges 
Finance charge = debt charge+service charge
Finance charge% =($50108-$32125+$5180.7)($50108+$5180.7)x 100
                               =36.47%
The answer is letter b.36.47%


You might be interested in
What is an equation for the linear function whose graph contains the points (9, 7) and (4, −8) ? Enter your answers in the boxes
Ahat [919]
\bf \begin{array}{ccccccccc}&#10;&&x_1&&y_1&&x_2&&y_2\\&#10;%  (a,b)&#10;&&(~{{ 9}} &,&{{ 7}}~) &#10;%  (c,d)&#10;&&(~{{ 4}} &,&{{ -8}}~)&#10;\end{array}&#10;\\\\\\&#10;% slope  = m&#10;slope = {{ m}}\implies &#10;\cfrac{\stackrel{rise}{{{ y_2}}-{{ y_1}}}}{\stackrel{run}{{{ x_2}}-{{ x_1}}}}\implies \cfrac{-8-7}{4-9}\implies \cfrac{-15}{-5}\implies \cfrac{3}{1}\implies 3

\bf \stackrel{\textit{point-slope form}}{y-{{ y_1}}={{ m}}(x-{{ x_1}})}\implies y-7=3(x-9)
7 0
2 years ago
Read 2 more answers
A new car is purchased for 22400 dollars. The value of the car depreciates at 11% per year. To the nearest tenth of a year , how
m_a_m_a [10]

Answer:

t= 12.9 years

Step-by-step explanation:

Value after t years = initial value ( 1 - r )^t

Where,

Value after t years= $5000

Initial value = $22,400

r= depreciation rate = 11%

t= length of time (years)

Value after t years = initial value ( 1 - r )^t

5000 = 22,400 ( 1 - 0.11)^t

5000 = 22,400(0.89)^t

Divide both sides by 22,400

(0.89)^t = 5000 / 22,400

(0.89)^t = 0.2232

Take the log of both sides

t log 0.89 = log 0.2232

t= log 0.2232 / log 0.89

= -0.6513 / -0.0506

= 12.87

t= 12.9 years

5 0
1 year ago
Select all polynomials that are divisible by (x-1)(x−1)left parenthesis, x, minus, 1, right parenthesis. Choose all answers that
alexdok [17]

Answer:

Step-by-step explanation:

For us to be able to determine the polynomials that are divisible by (x-1), this means that x-1 must be a factor for the functon to be able to divide any of the polynimial.

Since x-1 is a factor, we can get the value of x

x-1 = 0

x =0+1

x = 1

Next is for to substitute x - 1 into the polynomial and see the ones that will give us zero

For A(x)=3x^3+2x^2-x

A(1) = 3(1)^3+2(1)^2-(1)

A(1) = 3+2-(1)

A(1) = 5-1

A(1) = 4

Since A(1) ≠ 0, then x-1 is not divisible by the polynomial function.

<u>For B(x)=5x^3-4x^2-x</u>

B(1)=5(1)^3-4(1)^2-1

B(1)=5-4-1

B(1)=1-1 = 0

Since B(1) = 0, hence x-1 is divisible by 5x^3-4x^2-x

For the polynomial  C(x)= 2x^3-3x^2+2x-1

C(1)=2(1)^3-3(1)^2+2(1)-1

C(1)=2-3+2-1

C(1)= -1+1

C(1)= 0

Since C(1) = 0, hence x-1 is divisible by<u> the </u>

<u />

<u>F</u>or the polynomial D(x)=x^3+2x^2+3x+2

D(1)=1^3+2(1)^2+3(1)+2

D(1)=1+2+3+2

D(x) = 8

Hence the polynomial D(x) is not divisible by x-1

Hence the correct options are B(x)=5x^3-4x^2-x and 2x^3-3x^2+2x-1

8 0
2 years ago
Find the coordinates of the point whose ordinate is -7 and lies on y axis​
Alika [10]

Answer:

(0,-7)

Step-by-step explanation:

If nay point is form (x,y)

x is abscissa can be also called x axis coordinate

y is ordinate can be also called y axis coordinate

ordiantes are points lying on y axis.

For any point lying on y axis, its x-axis coordinate will be 0

given that ordinate is -7. it means that value of y coordinate is -7

Thus,  coordinates of the point is (0,-7)

5 0
2 years ago
What are two partial products you could add to find 990x37
kifflom [539]
25320+11310=36,630 or  12,430+24,200=36,630
4 0
1 year ago
Read 2 more answers
Other questions:
  • In training for a triathlon, Yuna swam 1.9 miles in the open ocean, which took her 2 hours. For the first part of her swim, she
    15·2 answers
  • Cole earns $12.50 per hour and will receive a $0.75 per hour raise every year. Adam earns $10.50 per hour and will receive a $2
    8·1 answer
  • a ball is thrown straight up from the top of a tower that is 280 ft high with an initial velocity of 48 ft/s . the height of the
    14·2 answers
  • Dr. Mitchell, an animal veterinarian, collected data during animal examinations on the kind of animal a boy or girl has as a pet
    14·2 answers
  • Alexandra and her children went into a grocery store and she bought $7.65 worth of
    14·1 answer
  • Kristina received $125 for her birthday. Her parents offered to pay her 3.5% simple interest per year if she would save it for a
    11·1 answer
  • Which graph represents an exponential function?
    10·1 answer
  • Write a quadratic function f whose only zero is -9
    7·2 answers
  • Your camera determines the focal distance required for your picture to be in focus using the lens equation, 1/F - 1/S = 1/D, whe
    6·1 answer
  • Rectangle A’B’C’D is the imagine if rectangle ABCD after a dilation. The center of dilation is the orgin. What is the scale fact
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!