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Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay? A. 68.75 B. 34.38 C. 29.09 D. 14.55
Weegy: 14.55 is the actual yearly interest rate that Henry pay. Solution: (320 - 20)/2 = $150 was the average balance during payoff. [ Total interest payments were (340-320) = $20 (5/6 yr)* %150*I (per yr) = $20 I = 0.16 = 16% It is actually a bit lower than that, because the average balance is a bit higher than $150. So I'd got with 14.55% ] (More)
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Expert Answered
Asked 7/29/2013 7:53:16 PM
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Juan Ramirez sells suits in a major department store on weekends. He earns a commission of 5 percent on the first ten suits, and if he sells more than ten, he earns an additional 3 percent on the additional suits. Last weekend Juan sold thirteen $250 suits. What was his commission? A. $210.40 B. $260.00 C. $185.00 D. $147.50
Weegy: To solve this problem, you first want to take 250 (price of suits) 10 (the number of suits he earns 5% commission on) * .05 (to add the commission, [ then add this to 250 times 3 (the number of remaining suit) times .08 (to accommodate for the new commission). Thus, (250*10*.05)+(250*3*.08)= C. $185. ] (More)
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Asked 7/29/2013 7:58:16 PM
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The SI temperature scale used in science is the A. Fahrenheit. B. Kelvin. C. boiling point. D. Celsius.
Weegy: The SI temperature scale used in science is the Kelvin. (More)
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Updated 4/11/2015 1:50:57 AM
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Which of the following is not a major ocean on Earth? A. Atlantic B. Southern C. Pacific D. Indian
Weegy: B. Southern is not a major ocean (More)
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Asked 7/31/2013 5:31:53 PM
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Lightning heats the surrounding air to A. 300,000 C. B. 300 C. C. 3,000 C. D. 30,000 C.
Weegy: The answer is D. 30,000 degrees Celcius A single stroke of lightning can heat the air around it to 30,000 degrees Celsius (More)
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Asked 7/31/2013 5:40:33 PM
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