Sarah bought a lawnmower for $320. She signed up for the buy now pay later plan at the store with the following conditions: $100 down and payments of $25 for the next 12 months. The extra cost paid by taking this plan is equivalent to what actual yearly rate of interest? A. 67% B. 65% C. 25% D. 85%

Answers

Answer 1
Answer:

The yearlyrate of interest is equivalent to the extra cost paid by taking the plan of $100 down and payments of $25 for the next 12 months is 25%

Option C is the correct answer.

What is simple interest?

It is the interest calculated on the principal at a given rate for a time period.

We have,

Sarah bought a lawnmower for $320.

Principal = $320

She signed up for the buy now pay later plan at the store with the following conditions:

$100 down and payments of $25 for the next 12 months.

This means,

Amount paid = $100

Amount paid for the next 12 months = $25

The totalamount paid in 12 months:

= 100 + 12 x 25

= 100 + 300

= $400

The extraamount paid:

= 400 - 320

= $80

The yearlyrate of interest:

Simple interest = Principal x Rate x Time / 100

80 = (320 x Rate x 1) / 100

8000 = 320 x Rate

Rate = 8000 / 320

Rate = 25%

Thus,

The yearlyrate of interest is equivalent to the extra cost paid by taking the plan of $100 down and payments of $25 for the next 12 months is 25%

Option C is the correct answer.

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Answer 2
Answer: Cost of the lawnmower bought by Sarah = $320
Amount of down payment made by Sarah = $100
Amount paid by Sarah in 12 months = (12 * 25) dollars
                                                          = 300 dollars
Total amount paid by Sarah = (300 + 100) dollars
                                             = 400 dollars
Excess amount paid as interest by Sarah = (400 - 320) dollars
                                                                   = 80 dollars
Actual yearly rate of interest paid by Sarah = (80/320) * 100 percent
                                                                     = 25 percent
So 25% yearly interest was paid by Sarah. The correct option is option "C".

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A triangle has two sides of length 5 and 12. what value could the length of the third side be? More then one can be correct.a.7
b.5
c.19
d.17
e.11
f.9

Answers

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Which sentence uses punctuation correctly? a. The last book in the series, borrowed from a classmate, is quite long.
b. The last book in the series borrowed from a classmate is quite long.
c. The last book in the series borrowed from a classmate, is quite long.
d. The last book in the series, borrowed from a classmate is quite long.

Answers

It would probably be A because it makes more sence

A cab charges $1.75 for the flat fee and $0.25 for each mile. Write and solve an inequality to determine how many miles Eddie can travel if he has $15 to spend.a. $1.75 + $0.25x ≤ $15; x ≤ 53 miles
b. $1.75 + $0.25x ≥ $15; x ≥ 53 miles
c. $0.25 + $1.75x ≤ $15; x ≤ 8 miles
d. $0.25 + $1.75x ≥ $15; x ≥ 8 miles

Answers

The inequality for the given situation is $1.75 + $0.25x ≤ $15; x ≤ 53 miles. Therefore, option A is the correct answer.

Given that, a cab charges $1.75 for the flat fee and $0.25 for each mile.

We need to write and solve an inequality to determine how many miles Eddie can travel if he has $15 to spend.

What is inequality?

Inequalities are mathematical expressions in which both sides are notequal. In inequality, unlike in equations, we compare two values. The equal sign in between is replaced by less than (or less than or equal to), greater than (or greater than or equal to), or not equal to sign.

Now, number of miles = (15-1.75)/0.25

=53 miles

According to the given question, the inequality is 1.75 + 0.25x ≤ 15 and x ≤ 53.

The inequality for the given situation is $1.75 + $0.25x ≤ $15; x ≤ 53 miles. Therefore, option A is the correct answer.

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$1.75 + $0.25x ≤ $15; x < 53

So the first one. Because you must pay the flat fee, and then for x miles you must pay $0.25. When you do (15-1.75) / 0.25 the answer is 53.

How many three-digit numbers are there such that the first two digits are even and the last digit is odd? Answer is a whole number.

Answers

221
223
225
227
229
241
243
245
247
249
261
263
265
267
269
281
283
285
287
289
421
423
425
427
429
441
443
445
447
449
461
463
465
467
469
481
483
485
487
489
621
623
625
627
629
641
643
645
647
649
661
663
665
667
669
681
683
685
687
689
821
823
825
827
829
841
843
845
847
849
861
863
865
867
869
881
883
885
887
889
80 three-digit numbers 
(just to make sure, check)

Can you guys help me thankiess i really did it right now plsplsplspsls thankyou so muchhhh.​

Answers