John bought a used truck for \$4,500. He made an agreement with the dealer to put \$1,500 down and make payments of \$350 for the next 10 months. The extra cost paid by taking this deal is equivalent to what actual yearly rate of interest?
John bought a used truck for \$4,500. He made an agreement with the dealer to put \$1,500 down and make payments of \$350 for the next 10 months. The extra cost paid by taking this deal is equivalent to 36%. Solution: 4500-1500 = \$3000 A = Monthly payments = 350 n = 10 Principal value (P) = 3000 350= 3000r (1+ r) 10 / (1+r) 10 - 1 = 36%.
Question
Updated 8/19/2020 11:37:35 PM
f
Rating
8
John bought a used truck for \$4,500. He made an agreement with the dealer to put \$1,500 down and make payments of \$350 for the next 10 months. The extra cost paid by taking this deal is equivalent to 36%. Solution: 4500-1500 = \$3000 A = Monthly payments = 350 n = 10 Principal value (P) = 3000 350= 3000r (1+ r) 10 / (1+r) 10 - 1 = 36%.

Questions asked by the same visitor
(1) Earth's crust is made up of relatively rigid plates that ride atop Earth's hot, semiliquid mantle. (2) The plates are called tectonic because they're in constant motion. (3) They can move because Earth's mantle is a very hot and semiliquid fluid called magma. (4) Volcanoes are a result of magma rising up or erupting through a plate, particularly where plate boundaries are moving against each other. (5) Also, when plates slide against each other, causing friction along adjacent plate ...
Weegy: There is no single topic sentence. -is the accurate statement: (1) Earth's crust is made up of relatively rigid plates that ride atop Earth's hot, semiliquid mantle. (2) The plates are called tectonic because they're in constant motion. [ (3) They can move because Earth's mantle is a very hot and semiliquid fluid called magma. ... ] (More)
Question
Which phrase signals a contrast between ideals about marriage?
Weegy: On the other hand signals a contrast between ideals about marriage. (More)
Question
Updated 7/15/2019 6:04:08 AM
Both Seagulls and wild geese are large birds. They're also similar in that both kinds of birds can fly over great distances. On the other hand, seagulls are scavengers, while wild geese aren't. Seagulls, for example, are often found around garbage dumps. Geese, however, feed on things like seeds and insects. Another important difference between the two kinds of birds is that geese fly on long annual migrations of well over 1,000 miles. Seagulls will migrate far inland to search for food. ...
Question
Updated 3/20/2021 9:10:01 PM
Both Seagulls and wild geese are large birds. They're also similar in that both kinds of birds can fly over great distances. On the other hand, seagulls are scavengers, while wild geese aren't. Seagulls, for example, are often found around garbage dumps. Geese, however, feed on things like seeds and insects. Another important difference between the two kinds of birds is that geese fly on long annual migrations of well over 1,000 miles. Seagulls will migrate far inland to search for food. However, they don't follow seasonal patterns of migration like wild geese. Clue words showing that
contrasts are being made in this paragraph include while and however.
A pair of pants with a marked price of \$35.00 has a discount of 20%. How much is the discount?
Weegy: A pair of pants with a marked price of \$35.00 has a discount of 20%. The amount of the discount is \$7.00. Solution: 35 * 20% = 35 * .2 = 7 (More)
Question
Updated 10/1/2020 4:17:52 PM
39,074,698
*
Get answers from Weegy and a team of really smart live experts.
*
Get answers from Weegy and a team of really smart live experts.
S
L
P
1
P
P
L
Points 1215 [Total 5003] Ratings 4 Comments 1175 Invitations 0 Offline
S
L
Points 612 [Total 612] Ratings 11 Comments 502 Invitations 0 Offline
S
L
Points 218 [Total 1580] Ratings 2 Comments 198 Invitations 0 Offline
S
L
L
Points 94 [Total 7074] Ratings 1 Comments 84 Invitations 0 Offline
S
L
R
R
L
Points 92 [Total 7115] Ratings 0 Comments 92 Invitations 0 Offline
S
L
1
1
1
1
Points 51 [Total 2306] Ratings 5 Comments 1 Invitations 0 Offline
S
Points 20 [Total 20] Ratings 0 Comments 0 Invitations 2 Offline
S
Points 14 [Total 14] Ratings 0 Comments 4 Invitations 1 Online
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 34] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.