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Monica [59]
2 years ago
8

What is the finance charge on $13,300 financed at 7.9 percent for 4 years if the monthly payment per $100 is $2.44?

Mathematics
1 answer:
luda_lava [24]2 years ago
5 0

If you borrowed $100, then your monthly payment is $2.44

If you borrowed $200, then your monthly payment is 2*2.44 = 4.88

etc etc

We can set up a proportion

2.44/100 = x/13300

to figure out the monthly payment x. Cross multiply and solve for x

2.44*13300 = 100*x

100x = 2.44*13300

100x = 32452

x = 32452/100

x = 324.52

So the monthly payment is $324.52

An alternative way to get this monthly payment is to apply 2.44% to 13300, which is another way to view the phrase  "monthly payment per $100 is 2.44"

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

There are 48 months in 4 years (start with 12 mon = 1 yr, then multiply both sides by 4) so we multiply 48 by the monthly payment to get the result 48*324.52 = 15,576.96. This is the total amount you have to pay back which is the principal plus interest.

Subtract off the principal (amount borrowed) to find the interest or finance charge: 15,576.96 - 13,300 = 2,276.96

Answer: Choice B

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1 year ago
Consider the following system of equations: 10 + y = 5x + x2 5x + y = 1 The first equation is an equation of a . The second equa
aleksley [76]

Answer: The first equation is an equation of a parabola. The second equation is an equation of a line.

Explanation:

The first equation is,

10+y=5x+x^2

In this equation the degree of y is 1 and the degree of x is 2. The degree of both variables are not same. Since the coefficients of y and higher degree of x is positive, therefore it is a graph of an upward parabola.

The second equation is,

5x+y=1

In this equation the degree of x is 1 and the degree of y is 1. The degree of both variables are same. Since both variables have same degree which is 1, therefore it is linear equation and it forms a line.

Therefore, the first equation is an equation of a parabola. The second equation is an equation of a line.

5 0
1 year ago
Read 2 more answers
In circle A shown, BC || DE , mBC=58° and mDE=142°. Determine the measure of ZCFE . Show how you arrived at your answer.
AysviL [449]

Answer:

< CFE = 40°

Step-by-step explanation:

To better understand the solution, see attachment for the diagram.

Given:

BC parallel to DE

Measure of Arc BD = 58°

Measure of Arc DE = 142°

First step: Draw a diameter that passes through the centre of the circle and name it. In this case, the diameter is line ST.

The line ST divides the arc BD and arc DE into half.

That is:

Arc SC = 1/2(arc BC) =1/2(58)

Arc SC = 29°

Arc TE = 1/2(arc DE) =1/2(142)

Arc TE = 71°

Arc SC + Arc CE + Arc TE = 180° (Sum of angles in a semicircle

29° + Arc CE  + 71° = 180°

Arc CE + 100° = 180°

Arc CE = 180-100

Arc CE = 80°

Inscribed angle = 1/2(intercepted angle)

<CFE = 1/2(Arc CE )

<CFE = 1/2(80)

< CFE = 40°

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1 year ago
Marcello is constructing the perpendicular bisector of AB¯¯¯¯¯. He has already constructed arcs as shown.
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Answer: "Use the straightedge to draw a line through points X and Y." is the right answer.


Step-by-step explanation:

To perpendicular bisector of line segment AB. There are following steps:

1) Draw arcs from points A and B on the both sides of AB.

2) Name the intersection points as X and Y.

3) Use the straightedge to draw a line through points X and Y.

4) Name the point as O

hence we have construct perpendicular bisector XY of AB which bisects at O.

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The building site is 90 metres long and 45 metres wide. What is the area of the site?
Lapatulllka [165]

Answer:

The answer would be 4050

Step-by-step explanation:

A=wl

A=45*90

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