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
Solnce55 [7]
2 years ago
14

Noel Devine bought a new dishwasher for $320. He paid 20 down and made 10 monthly payments of $34 what actual yearly interest ra

te did Noel pay?
Mathematics
2 answers:
bekas [8.4K]2 years ago
6 0
First we need to find the amount financed, total payments and total interest

Amount financed
320-20=300

Total payments
34×10=340

Total interest=total payments-amount financed
Total interest=340-300=40

Now to find the yearly interest rate use the formula of
I=(2yc)÷(m×(n+1))
I ?
Y number of months in a year 12
C total interest 40
M amount financed 300
N number of payments 10
I=(2×12×40)÷(300×(10+1))
I=0.2909×100=29.09%

Hope it helps!
Nookie1986 [14]2 years ago
3 0
IN finding the interest we need to use the following formula:
 Interest= Principal x Rate x Time  or I= PRT
Substitute values: I= [$20 + ($10 x $34)] -320 =$40
P= $320
R=?
T=10 months/year
I=PRT
Since R is a missing term, we will solve for R using this formula: R=I/PT
R=  [<span>$20 + ($10 x $34)-320] / ($320 x 10 months)
                                          T=10 months</span>÷12 months=0.83<span>
R= ($40)/ $320 X 0.83
R= 40/ 265.6
R=15.06024096</span>
You might be interested in
The student council at Spend too much High School is planning a school dance. The table below shows the budget for the dance.
hodyreva [135]
$300 income
$250 + $100 = $350 expenses

$300 - $350 = a loss of $50
6 0
2 years ago
Read 2 more answers
In Texas, the coldest temperature ever recorded is -23 F. That's a lot chillier than in Florida, where the coldest recorded temp
beks73 [17]

Answer:

21

Step-by-step explanation:

21+-23=-2

3 0
2 years ago
Read 2 more answers
A school pays $1,825 for 150 shirts. This includes the $25 flat-rate shipping cost.
yKpoI14uk [10]

Answer:

a)

We know that the total cost for the 150 shirts (plus a flat-rate of $25) is $1,825.

First, let's find how much costs each shirt.

First, the total cost of the shirts alone (neglecting the flat-rate) is:

$1,825 - $25 = $1,800

Then each shirt costs equal to the quotient of the cost and the number of shirts:

$1,800/150 = $12

Each shirt costs $12.

Then if you order T shirts, the total cost will be the flat-rate of $25 plus T times $12. The equation is:

C(T) = $25 + T*$12

b) C represents the cost

   T represents the number of shirts ordered.

c) The initial value is the constant value, in this case, is $25

The rate of change is the coefficient that multiplies the independent variable (T), in the equation the rate of change is $12.

7 0
2 years ago
A psychology student wishes to investigate differences in political opinions between business majors and political science major
Veseljchak [2.6K]
The answer is C.................................................
7 0
2 years ago
Read 2 more answers
In a standard game of pool, there are 15 balls labeled 1 through 15. a) In how many ways can the 15 balls be ordered? (5 points)
katovenus [111]

Answer:

<h2>a) 1.308*10¹² ways</h2><h2>b) 455 way</h2>

Step-by-step explanation:

If  there are 15 balls labeled 1 through 15 in a standard football game, the order of arrangement of the 15 balls can be done in 15! ways.

15! = 15*14*13*12*11*10*9*8*7*6*5*4*3*2

15! = 1.308*10¹² ways

b)  If 3 of the 15 balls are to be chosen if order does not matter, this can be done in 15C3 number of ways. Since we are selecting some balls out of the total number of balls, we will use the concept of combination.

Using the combination formula nCr = n!/(n-r)!r!

15C3 = 15!/(15-3)!3!

15C3 = 15!/12!3!

15C3 = 15*14*13*12!/12!*6

15C3 = 15*14*13/6

15C3 = 455 ways

7 0
2 years ago
Other questions:
  • What is −34, 0.5, 23,−73, 1.2 in order from least to greatest?
    13·1 answer
  • You are a farmer and want to spend under $35,000 on farm equipment. You need a hay bailer that costs $6,250 and several plowing
    5·2 answers
  • The APR of Vinny's savings account is 3.5%, but interest is compounded only once a year. What is the APY of Vinny's savings acco
    15·2 answers
  • Which expression is equivalent to 3 cube root (343x^9 y^12 z^6) ? 7x3y4z2 7x3y6z2 49x3y6z2 49x3y4z2
    7·2 answers
  • If a stereo is sold for $59.99 and Karen pays $64.19 for it when she checks out, what is the sales tax in the area
    6·1 answer
  • An object's __________ is simply the data that is stored in the object's fields at any given moment. A. value B. assessment C. r
    6·1 answer
  • John should drive to his workplace and back to home. On the way to the workplace it was raining, so he drove at speed of 42mph.
    15·1 answer
  • The finite geometric sequence has 10 terms. The sum of all terms with even index is 682 and the sum of all terms with odd index
    11·1 answer
  • George is comparing two different phones. The screen of phone A has a width of 5.3 cm. The width of the screen on phone B is 5 a
    10·2 answers
  • 24. ABCDE and PQRST are regular pentagons.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!