Macon Steinberg purchased a motor scooter with an installment loan that has an APR of 16 percent. The motor scooter sells for $1,687. The store financing requires a 20 percent down payment and 30 monthly payments.

What is the down payment?
What is the amount of the loan?
What is the monthly payment?
What is the total amount repaid?
What is the finance charge?​

Answers

Answer 1

The finance charge is $285

How to find the percentage from the total value?

Suppose the value of which a thing is expressed in percentage is "a'

Suppose the percent that considered thing is of "a" is b%

Then since percent shows per 100 (since cent means 100), thus we will first divide the whole part in 100 parts and then we multiply it with b so that we collect b items per 100 items(that is exactly what b per cent means).

Thus, that thing in number is

[tex]\dfrac{a}{100} \times b[/tex]

Given;

An installment loan that has an APR of 16 percent

The motor scooter sells for $1,687

The store financing requires a 20 percent down payment

Monthly payments are for 30months

Now,

Downpayment= cost of scooter*20%

=1687*20%

=$337.4

Amount of finance = Cost of scooter - Down payment

=1687-337.4=1349.6

Interest rate=16%*1/12=1.3% per month

Monthly payment = Amount of finance*I/[1-(1+I)^-n]

=1349.6*1.3%/[1-(1+1.3%)^-30]

=1349.6*0.013(1-0.6780)

=17.5448/0.322

=54.486

Total amount paying for loan over a period = Monthly payment * Term

=54.486*30=1634.6

Amount of finance charge = Total amount paying for loan - Amount of loan

Amount of finance charge =1634.6-1349.6

=285

Therefore, the finance charge by given percent will be $285

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Related Questions

PLEASE HELP I NEED THIS

Michael read 14 books in 26 months. At the same rate, about how many books can he read in 48 months?

Answers

Answer:

336/13 books in 48 months

Step-by-step explanation:

14 books : 26 months

first, find how many books he reads in one month (by dividing the given rate by the number of months)

14 books : 26 months

/26             /26

7/13 books : 1 month

now multiply by the number of months that this problem requires

7/13 books : 1 month

*48               *48

336/13 books : 48 months

Donna receives a $100 gift card to MovieStop. Her Blu-ray player is able to play both Blu-rays and DVDS, so she would like to get a combination of both. Each Blu-ray cost $25.99 and DVDs cost $15.99 each. Write an equation modeling the number of Blu-rays, ​b​, and DVDs​, d,​ that Donna can purchase with her gift card.

Answers

Answer:

100=25.99b+15.99d

Step-by-step explanation:

step one:

let the number of Blu-rays  be b and

DVDS be d,

step two:

given that Blu-rays cost $25.99each and

DVDS cost $15.99 each,

we can model the cost of the Blu-rays and DVDS, as

100=25.99b+15.99d

hence the expression for the number of Blu-rays and DVDS, is given as

100=25.99b+15.99d

NASA is launching a prove that will travel in a straight line to Saturn and then beyond. Use d to represent the distance from Earth to Saturn, and use q to represent the total distance the probe has traveled. Saturn has not moved relative to the probe.

Answers

Step-by-step explanation:

its c because ppl eheueebeuebeue eueeb

Find the value of x
12x
6x+28
Your answer

Answers

Step-by-step explanation:

Hey there!

By looking at the figure, the given "2x" and "6x + 28" are co-interior angle.

So,

2x + 6x + 28 = 180°. ( sum of co-interior angle is 180°)

8x + 28°=180°

8x = 180° - 28°

8x = 152°

[tex]x = \frac{152}{8} [/tex]

X = 19°

Therefore, X = 19°.

Hope it helps...

Answer:

x=19

Step-by-step explanation:

These are same-side interior angles. The Same-Side Interior Angles Theorem states that if two parallel lines are cut by a transversal, then the same side interior angles are supplementary. This means that the sum of the two angles is equal to 180°.

2x+6x+28=180°

8x=180-28

8x=152

x=19

What is the Slope??????????????????

Answers

Answer:

The Slope Is -3

Step-by-step explanation:

Hope This Helps

Plz Mark Brainliest!

Find the slope.
|(3, 2) and (-5,2)

Answers

Answer:

Step-by-step explanation:

Given two points

(

x

1

,

y

1

)

and

(

x

2

,

y

2

)

, the slope is defined as

XXX

m

=

Δ

y

Δ

x

=

y

2

y

1

x

2

x

1

if your call phone bill was $67.82 and there is a 7.5% late free tax how much will your bill will be

Answers

Answer:

$72.91

Step-by-step explanation:

1.) 0.0075 x 67.82= 5.0865

2.) 67.82+5.0865= 72.9065 but I rounded it to 72.91 because with money it doesn't go beyond the hundredths place

Find the inverse of the one-to-one function.
y = 3x+4

Answers

Hope this is helpful

Please help asap!!! URGENT!!!

Answers

Answer:

b = 8√3 mm, a = 16 mm, x = 5 ft, y = 5√2 ft.

Step-by-step explanation:

With 30° 60° 90° triangles, one side will be a number, the other leg will be that number multiplied by √3, and the hypotenuse will be 2 times that original number.

So in this case:

The original leg's length is 8 mm. Side b will be that 8 times √3.

So, b = 8√3 mm.

Side a will be 8 times 2.

So, a = 16 mm.

With 45° 45° 90° triangles, the two legs will be the same length, and the hypotenuse will be that number times √2.

So in this case:

The original leg's length is 5 ft. Side x will be that same length.

So, x = 5 ft.

Side y will be 5 times √2.

So, y = 5√2 ft.

Answer:

b = 8√3 mm, a = 16 mm, x = 5 ft, y = 5√2 ft.

Step-by-step explanation:

With 30° 60° 90° triangles, one side will be a number, the other leg will be that number multiplied by √3, and the hypotenuse will be 2 times that original number.

So in this case:

The original leg's length is 8 mm. Side b will be that 8 times √3.

So, b = 8√3 mm.

Side a will be 8 times 2.

So, a = 16 mm.

With 45° 45° 90° triangles, the two legs will be the same length, and the hypotenuse will be that number times √2.

So in this case:

The original leg's length is 5 ft. Side x will be that same length.

So, x = 5 ft.

Side y will be 5 times √2.

So, y = 5√2 ft.

Find the distance between -7, -3 2/3 on a number line.

Answers

Answer:

3 and 1/3 because 7 minus 3 and 1/3 equals 3 2/3 or you could also do 3+3=6 and 2/3+1/3=1 and 1+6=7

The distance between -7 and -3 2/3 on the number line is 3 1/3

How to determine the distance between the numbers?

The numbers are given as:

-7 and -3 2/3

Calculate the absolute difference between both numbers

d = |-7 + 3 2/3|

Evaluate the difference

d = | 3 1/3|

Evaluate the absolute value expression

d = 3 1/3

Hence, the distance between -7 and -3 2/3 on the number line is 3 1/3

Read more about number lines at:

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Help me pleaseee thank you In advance please explain to me too so i know what to do next time :)

Answers

Equation is 2(3x+24)=9x+18
Answer is x=10

Bisector means it cuts it in half so ABD is the same as DBC. The whole angle is 9x+18 which is the same as doubling 3x+24 since thats half of if hence the equation 2(3x+24)=9x+18

To solve for x you have to distribute 2(3x+24) by multiplying 2 to 3x and 24
New equation is 6x+48=9x+18
Subtract 6x both sides
48=3x+18
Subtract 18 both sides
30=3x
Divide both sides by 3
10=x

In a shoe store window, Sandy sees a sign announcing 25% off all sandals in stock. She finds a pair she likes that was originally priced at $45. If Sandy buys this pair of sandals on sale, how much will she pay?
a)11.25 b)22.50 c)33.75 d) 56.25

Answers

33.75 is the answer because 25% of 45 is 11.25 and 45-11.25=$33.75

The cube of twice a number.

Answers

Answer:

2n^3

Step-by-step explanation:

n^3 represents the cube of the number n; therefore,

"twice the cube of a number" is 2(n^3) or 2n^3

Is this a function? (2,3)(0,4)(5,9)(6,4)

-yes?
-No?

Answers

Answer:

yes

Step-by-step explanation:

If (14, 25) and 49, -10) are two anchor points on a trend line, then find the equation of the line.​

Answers

Answer:

14 and 49 10 are anchor points trend line to this question

Which choice lists the numbers in increasing order?

Answers

Answer:

D

Step-by-step explanation:

Because negative is smaller than fractions. and ABC, is all off.

Answer: I think the answer is D/ the last answer

Step-by-step explanation:

Select all that apply.

Which of the following name an angle in the drawing?

Answers

Answer:

ECB

ACB

CDE (if it doesn't matter what order the letters are in)

Step-by-step explanation:

the first to answer correctly gets brainliest​

Answers

Answer: 7.5

Step-by-step explanation:

Yeah 7.5 is correct!


Explanation:

1. The sum of first n terms of an arithmetic sequence is 3n²+4n

a, what is its first term?
b, write the algebraic form of the sequence.
c, find the 20th term.​

Answers

Answer:

          a.  a₁=7,     b.  a_n=7n+1,    c.  a₂₀=141

Step-by-step explanation:

a.

 [tex]a_1=S_1=3\cdot1^2+4\cdot1=3+4=7[/tex]

b.

   [tex]a_1+a_2=S_2\\\\a_1+a_1+d=3\cdot2^2+4\cdot2\\\\7+7+d=3\cdot4+8\\\\14+d=12+8\\\\d=6\\\\\\a_n=a_1+d(n-1)\\\\a_n=7+6(n-1)\\\\a_n=7+6n-6\\\\\underline{a_n=7n+1}[/tex]

c.

 [tex]a_{20}=7\cdot20+1=141[/tex]

18 ft 27 ft 37 ft What is the area of this trapezoid? square feet​

Answers

Answer:

832.5.

Step-by-step explanation:

sorry, but this cannot type fractions, so just take the answer.

Answer:

832.5

Step-by-step explanation:

To find the area of a trapezoid, you need to use the formula (a+b)/2 x h

a = 18 = base

b = 27 = base

h = 37 = height

18 + 27 = 45

45/2= 22.5

37 x 22.5 = 832.5

A waiter earned a 3% tip. What decimal is equivalent to 3%

Answers

Answer:

0.03    

Step-by-step explanation:

1 would be 100% so 0.03 would = 3

Identify the most precise name for the angle pair shown in the picture.

1. Adjacent Angles

2. Supplementary Angles

3. Vertical Angles

4. Linear Pair

5. Complementary Angles ​

Answers

Answer:

Complementary Angles

Step-by-step explanation:

Complementary angles are angles whos measures add up to 90 degrees! The angles in the picture can also be described as adjacent angles, because they share the same vertex.

So these angles are technically both complementary and adjacent, but they are more specifically, complementary.

I hope I was of assistance! #SpreadTheLove <3

The answer has to be 4

A salt-water tank needs to contain 5 gallons of water for each 1-inch fish. If Ian has a 30-gallon tank, predict how many inch-long fish he can have.

Answers

Answer: 6 one inch fish

Step-by-step explanation: he needs to have 5 gallons of water for every one-inch fish. 6 x 5 is 30

Two lines intersecting at a right angle
form a line.
are parallel.
are perpendicular.
form aray

Answers

Answer:

Form aray

Step-by-step explanation:

Neither form a line and it also have both parts and perpendicular

BRAINLIEST ANSWER (please do it right)
Producing a musical cost $88,000 plus $5,900 per performance. One sold-out performance earns $7,500 in revenue. If every performance sells out, how many performances are needed to break even? ( solving and writing Mulit-step equation question)

Answers

Answer:

55 performances

Step-by-step explanation:

The first equation will be the total cost. The total cost has $88,000 already and then $5,900 is added with each performance. So the equation would be 88,000+5,900x because x will represent the number of performances.

y = 88,000 + 5,900x

The next equation will be how much the performances earn. If they earn $7,500 with each performance then the equation will be 7,500x, with x representing the number of performances

y = 7,500x

Now set the equations equal to each other and solve for x

7,500x = 88,000 + 5,900x

1,600x = 88,000

x = 55

They need to have 55 performances for the cost and the revenue to break even.

20 POINTS FOR YOU !!!
HELP ME PLEASE
I WILL GIVE BRAINLIEST TO THE CORRECT ANSWER
given: ABCD is a parallelogram
prove: angle 1 is supplementary to angle 3

Answers

For a better understanding of the answer provided here, please have a look at the attached diagram.

The diagram has been made as per the information provided in the question.

From the statements in the question we can see that:

[1] is the angle  

[2] is Supplementary

[3] is the segment bc

Thus, the above are the words or names that correctly fill in the blanks to complete the proof.

Answer:

See below.

Step-by-step explanation:

  Statements:                        Reasons:

1) ABCD is a parallelogram     : Given

2) ∠1≅∠2                                   : Alternate Interior Angles Are Congruent

3) ∠2+∠3=180                           : Angle Addition Postulate

4) ∠1+∠3=180                            : Substitution

5) ∠1 is supplementary to ∠3   : Definition of Supplementary Angles

And we're done!

TEST SCORE Alberto got thirty-five out of forty questions correct on his geography test. To determine the
percentage of the questions he got correct, multiply the quotient of thirty-five and forty by one hundred.
Write a numerical expression to describe the percentage of the questions that Alberto got correct on his
geography test.

Answers

35/40*100 :):):):)I hope this helps

35/40 ×100 is a numerical expression to describe the percentage of the questions that Alberto got correct on his geography test.

Given that, Alberto got thirty-five out of forty questions correct on his geography test.

We need to determine the

percentage of the questions he got correct, and multiply the quotient of thirty-five and forty by one hundred.

How to calculate the percentage?

The following formula is a common strategy to calculate a percentage:

Determine the total amount of what you want to find a percentage. Divide the number to determine the percentage. Multiply the value by 100.

Now, 35/40 ×100=87.5%

Therefore, 35/40 ×100 is a numerical expression to describe the percentage of the questions that Alberto got correct on his geography test.

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Slope of 4/5 help please

Answers

Answer:

I dont understand

Step-by-step explanation:

(e) If f(x+3) = f(x) + f(5) then prove that: f(2)= 0 and f(5) = -f(-1)

Answers

Answer:

See below.

Step-by-step explanation:

f(x + 3) = f(x) + f(5)    (Given) so:

f(2 + 3) = f(2) + f(5)

and f(2) = f(2 + 3)  - f(5)

= f(5) - f(5) = 0.

f(-1) = f(-1 +3) - f(5)

= f(2) - f(5)

= f(-3)

So - f(-1) = f(3)

Also:

f(5) = f(x + 3) - f(x)

= f(x + 3 - x)

= f(3).

But f(3) = -f(-1)  ( shown above),

So f(5) = -f(-1).

true or false, the ratios 4:10 and 8:20 are equivalent


PLEASE HELP IF I FAIL MY MOM IS GONNA-

Answers

Answer:

True

Step-by-step explanation:

If you multiply both 4 and 10 by two, you get 8 and 20

The ratios 4:10 and 8:20 are Equivalent.

What is ratio?

A ratio is a comparison between two amounts that is calculated by dividing one amount by the other. The quotient a/b is referred to as the ratio between a and b if a and b are two values of the same kind and with the same units, such that b is not equal to 0. Ratios are represented by the colon symbol (:). As a result, the ratio a/b has no units and is represented by the notation a: b.

Given:

As, when the two ratios are equal after simplifying then they are equivalent ratio.

So, 4/10

= 2/5

and, 8/20

= 2/5

As, both ratios are giving equal value after simplifying.

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