am is paying off his eight-year, $15,360 loan in semiannual installments. The loan has an interest rate of 9.58%, compounded semiannually, and a service charge of $1,294.64. Once the loan has been fully paid off, what percentage of the total finance charge will the service charge be? Round all dollar values to the nearest cent.
a.
5.48%
b.
8.43%
c.
18.55%
d.
15.65%



Please select the best answer from the choices provided


A
B
C
D

Answers

Answer 1

The percentage of the total finance charge on the loan that the service charge will be is about 15.65%. Option D is correct.

D. 15.56%

What is a loan?

A loan is an item borrowed for a charged amount, such as an amount borrowed to be repaid with a specified interest fee.

The compound interest formula for the semiannual interest rate is presented as follows;

A = P·[1 + R/n]^(n·t)

Where;

P = The initial amount borrowed on loan = $15,360

t  = The interest rate on the loan = 9.58% = 0.0958

n = The number of periods in a year = 2 for semiannual interest rate

t = The duration of the loan = 8 years

The equal semi annual installment (ESI) formula is presented as follows;

[tex]ESI = P\times \dfrac{\dfrac{r}{2} \times\left(1 + \dfrac{r}{2} \right)^n }{\left(1+\dfrac{r}{2} \right)^n-1}[/tex]

Therefore;

ESI = 15360 × ((0.0958/2)×(1 + 0.0958/2)¹⁶)/((1 + 0.0958/2)¹⁶-1) ≈ 1396.16

The total amount Sam pays = 16 × 1396.16 ≈ 22338.6

The finance charge ≈ 22338.6 - 15360 = 6978.6

The percentage of the finance charge represented the service charge is therefore;

(1294.64/(6978.6 + 1294.64))×100 ≈ 15.65%

The percentage of the total finance charge represented by the service charge is therefore about 15.65%

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Related Questions

1/4×1/12 ÷ 1 page = blank
1page​

Answers

Answer:

0.02083333333

What is the radius of a globe that has a volume of 268.08 in³?

Answers

Answer:

4 inches is the radius

Step-by-step explanation:

Bennet stated that the opposite of the opposite is always negative Kylie disagreed with bennet and stated that the opposite of the opposite of any number is always positive which erson is correct or are neither correct and explain how u know

Answers

Both Kylie and Bennet are correct.

Opposite of the opposite of a number is negative if the number is a positive number.

Opposite of the opposite of a number is positive if the number is a negative number.

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example: 2 + 3x + 4y = 7 is an expression.

We have,

Number = x

The Opposite of x is -x.

Opposite of -x.

= -(-)

= x

Number = -x

The opposite of -x.

= -(-x)

= x

The opposite of x.

= -x

Thus,

Both the person is correct.

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Convert:
25 decimeters
=
Round to the tenths.
meters

Answers

Answer:

2.5

Step-by-step explanation:

Decimeter is 0.1 meter (10 centimeters). That means 25 decimeters is 2.5 meters.

with a 5% sale discount the price of an item is $38 what was the original price​

Answers

Answer:

[tex]38 \div5 \\ [/tex]

the original price is $40

6x2x(x−3) x (x−3)10(x+2)

Answers

The product of given numbers is 60x³(x−3)²(x+2)

What is an expression?

Mathematical expressions consist of at least two numbers or variables, at least one arithmetic operation, and a complete sentence. Any one of the following mathematical operations can be used. A sentence has the following structure: Number/variable, Math Operator, Number/Variable is an expression.

An equation is a mathematical statement that proves two mathematical expressions are equal in algebra,

Multiply the numbers:

6x²x(x−3) * (x−3)10(x+2)

Multiply 6 and 10

60x²x(x−3) (x−3)(x+2)

Multiply x terms

60x³(x−3) (x−3)(x+2)

Multiply (x-3) terms

60x³(x−3)²(x+2)

So, the product of given numbers is 60x³(x−3)²(x+2)

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The pH can be calculated using the equation pH = –log(H+), where H+ is the hydronium ion concentration. Find the hydronium ion concentration of a particular vinegar if the pH level is 2.5. (5 points)
3.979 x 10–1
9.536 x 103
3.162 x 102
3.162 x 10–3

Answers

The value of hydronium ion concentration in the vinegar is 3.162×10^-3 (optionD)

What is pH?

pH is defined as the negative log of the hydrogen ion concentration. The range of pH extends from zero to 14. A pH value of 7 is neutral, because pure water has a pH value of exactly 7.

pH can also be defined as the measure of acidity and alkalinity of a substance.

pH = –log(H+)

Therefore (H+) = 10^-(pH)

For a pH of 2.5, the hydronium ion concentration

= 10^-2.5

(H+) = 0.003162 = 3.162×10^-3

Therefore hydronium ion concentration of the vinegar is 3.162×10^-3

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Write and solve the inequality that represents
is greater than or equal to the product of 2 and a number.
5
3

Answers

The following is the proper response to this problem's inequality. The relationship between negative one fifth and negative two thirds is higher than or equal when y is bigger than or equal to three tenths.

what is inequality ?

In mathematics, an inequality is a link between two expressions or values that is not equal. Thus, inequality arises as a result of imbalance. An inequality in mathematics describes the connection between two values that are not equal. Many simple inequalities can be eliminated by modifying both sides until just the variables are left. However, a number of things lead to inequality: On both sides, divide or add negative values. Toggle between left and right.

Given

One fifth less is -1/5.

When a negative two thirds is added to a number, the result is -2/3x. Since the value is unknown, we refer to it as x.

The following is the sign for more than or equal inequality:

The inequality is therefore: -1/5 -2/3x.

So that it will be easier for us to isolate x:

2/3x ≥ 1/5

2x ≥ 3/5

x ≥ 3/10.

Since y is more than or equal to three tenths, the right answer for the inequality is: negative one fifth is greater than or equal to negative two thirds y.

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y=1/4x+4, solve for x

Answers

[tex] \huge\pmb{\red{A}\pink{N}\orange{S}\blue{W}{E}\purple{R᭄}}[/tex]

[tex]\sf y = \frac{1}{4} \red{x} + 4[/tex]

[tex]\sf y = \frac{\red{x}}{4} + 4[/tex]

[tex]\sf y = \frac{\red {x}+4*4}{4}[/tex]

[tex]\sf y = \frac{\red {x}+16}{4} [/tex]

[tex]\sf y = \frac{\red {x}+16}{2^2}[/tex]

[tex]\sf 4y = \red {x}+16[/tex]

[tex]\sf 4y+(-16) = (\red x+16) + (−16)[/tex]

[tex]\sf 4y− 16 = \red{x }+ 16 − 16[/tex]

[tex]\sf 4y-16= \red x[/tex]

[tex]\boxed{ \sf\red{x} = 4y-16}[/tex]

_____________________....

[tex] \pmb{\color{purple}{LearningLifell}}[/tex]

Please help will mark Brainly

Answers

The correct answer is 6

Frank does a weekly exercise program consisting of cardiovascular work and weight training. Each week, he exercises for at least 6 hours. He spends at most 12
hours on weight training. He spends at most 3 hours doing cardiovascular work. Letx denote the time (in hours) that Frank spends doing cardiovascular work.
Let y denote the time (in hours) that he spends on weight training. Shade the region corresponding to all values of x and y that satisfy these requirements.

Answers

The expression can be written as x ≤ 3 + y ≤ 12 ≥ 6. which is an inequality.

What is inequality?

A mathematical operator that expresses the inequal comparison between different numbers or different variables and numbers. There are various types of inequalities such as greater than >, less than <, greater than or equal ≥ and less than or equal ≤

How to express the inequality as per given statement?

Frank participates in exercise program at least 6 hours in each week.

He spends at most 12 hours on weight training

y denotes the time in hours that he spends on weight training.

Frank spends at most 3 hours doing cardiovascular works

x denotes the time in hours that he spends doing cardiovascular works

The expression that can represent the above statement.

can be written as

x ≤ 3 and y≤ 12

x ≤ 3 + y ≤ 12 ≥ 6

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If
f
(
x
)
=
2
x
4

3
x
+
3
f(x)=2x
4
−3x+3, then what is the remainder when
f
(
x
)
f(x) is divided by
x

1
x−1?

Answers

x

1

x−1?x

)

=

2

x

4

3

x

+

3

f(x)=2x

4

−3x+3, then what is the remainder when

f

(

x

)

f(x) is divided by

x

1

x−1?

DUE SOON! PLEASE HELP!
SHOW ME HOW TO GET IT FOR NEXT TIME! SO CONFUSED AND BEEN STUCK FOREVER PLEASE HELP!
QUESTION DOWN BELOW!

Answers

The value of m in the given equation 4x² -mx +9 will be 13.

What is polynomia?

A polynomial is a mathematical equation that solely uses the operations addition, subtraction, multiplication, and non-negative integer exponentiation of variables. Variables are sometimes known as indeterminates in mathematics. Polynomials come in various varieties. Monomial, binomial, and trinomial, respectively.

given an equation 4x² -mx + 9 = 0 and the question states that it has a root that is equal to 1

Since 1 is the root of this quadratic equation it will satisfy the equation

Substituting the values in the equation

4 - m + 9 = 0

m = 13

Therefore, In the given equation 4x² -mx +9 the value of m will be 13.

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a) calculer: f(1,5); f(2,5); f(2)

Answers

Answer:

Step-by-step explanation:

you should give the function, if i haven't it, how can i help you.

i can give u some tips, put 1.5, 2.5, 2 in function respectively. then calculate them, u will get the answer.

d^2a/db^2 +a = 4b+10sin(b)

Answers

The given equation is a second order differential equation

What is a differential equation?

In mathematics, a differential equation is an equation that relates one or more unknown functions and their derivatives.

Isaac Newton listed three kinds of differential equations given -

[tex]${\displaystyle {\begin{aligned}{\frac {dy}{dx}}&=f(x)\\[4pt]{\frac {dy}{dx}}&=f(x,y)\\[4pt]x_{1}{\frac {\partial y}{\partial x_{1}}}&+x_{2}{\frac {\partial y}{\partial x_{2}}}=y\end{aligned}}}[/tex]

Given is a differential equation as follows -

d²a/db² + a = 4b + 10sin(b)

The given equation is -

d²a/db² + a = 4b + 10sin(b)

Let y = a and x = b, then we can write -

d²y/dx² + y = 4x + 10sin(x)

A second order differential equation is one that expresses the second derivative of the dependent variable as a function of the variable and its first derivative. It is of the form -

d²y/dx² + P(x) dy/dx + Q(x) y = f(x)

For the equation given -

d²y/dx² + y = 4x + 10sin(x)

On comparing, we get -

P(x) = 0

Q(x) = 1

f(x) = {4x + 10sin(x)}

Therefore, the given equation is a second order differential equation.

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5. Jackson purchased a pack of game cards that was on sale for 22% off. The sales tax in his county is 6%. Let y represent the original price of the cards. Write an expression that can be used to determine the final cost of the cards.

Answers

Answer:  0.8268y

The decimal value is exact without any rounding.

==========================================================

Explanation:

If Jackson saves 22%, then he pays the remaining 100% - 22% = 78%, which leads to the decimal value 0.78

An increase of 6% leads to 100%+6% = 106% and that converts to 1.06

Multiply those decimal values: 0.78*1.06 = 0.8268; this trick is useful to chain together multiple discounts and/or tax increases.

Therefore, the final cost expression is 0.8268y where the variable y is the original price before the discount and taxes.

---------

Extra info:

The expression 0.8268y tells us that Jackson is paying 82.68% of the original price. Note how 100% - 82.68% = 17.32%

This means Jackson is getting a real discount of 17.32% after the taxes have been considered.

Company A charges 125$ annual fee plus 7$ per hour car share fee. Company B charges 110$ plus 10$ per hour. What is the minimum number of hours that a car share needs to be used per year to make company a better deal?

Answers

Answer:

6

Step-by-step explanation:

Let the number of hours be [tex]x[/tex].

[tex]125+7x<110+10x \\ \\ 15+7x<10x \\ \\ 15<3x \\ \\ x>5[/tex]

So, the minimum is 6 hours.

8.326 rounded to the nearest tenth

Answers

The answer to the question is 8.3

Answer:

8.3

Step-by-step explanation:

The number after three is below 5 so it stays as 8.3

 A jar filled with maple syrup weighs 1.5 pounds. Two jars filled with honey weigh 3 pounds. What is the weight of the jar?

Answers

The weight of the jar after solving equation simultaneously is w=0.

Define system of linear equation.

A set of two or more first-degree equations with two or more connected unknowns is known as a system of linear equations.

How to solve system of linear equation.

A system of equations is solved by determining the value of each unknown until the system's equations are all satisfied. That is, it is necessary to find the values of the unknowns so that, when substituted, they will produce the suggested solution in both equations.

j+w=1.5

2j+w=3

Simultaneously solving gives

w=0

the weight of jar is 0.

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When Bashir commutes to work, the amount of time it takes him to arrive is normally distributed with a mean of 32 minutes and a standard deviation of 3 minutes. What percentage of his commutes will be shorter than 32 minutes, to the nearest 10th?

Answers

A percentage of Bashir's commute that would be shorter than 32 minutes, to the nearest 10th is 50%.

How to determine the required percentage?

Mathematically, the z-score of a given sample size or data set can be calculated by using this formula:

Z-score, z = (x - μ)/σ

Where:

x is the sample score.σ is the standard deviation.μ is the mean score.

Substituting the parameters into the z-score formula, we have;

Z-score, z = (32 - 32)/3

Z-score, z = 0/3

Z-score, z = 0

Since a commute of 32 minutes on a test has a z-score of 0, the percentage of Bahir's commute that would be shorter than 32 minutes can be calculated as follows:

P(x > 32) = P(z > 0)

P(z > 0) = 0.5

P(z > 0) = 50%.

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Help me please! Whoever answers correctly gets brainliest and 40 points!
Which number is equivalent to the fraction 15/7?

O 2
O 2 1/7
O 7/15
O 1 8/7

Answers

2 1/7

Two 7/7 can be taken from 15 so we are left with 1/7 remaining in fractions. So correct answer is 2 and 1/7

Solve: 2x - 5 = 4x + 3

Important: No spaces in your answer

(any spaces within the answer can get the whole answer wrong)

Answers

i think the answer is -2

A triangular side panel for a roof has the dimensions shown.
26 ft
30°
What is the approximate area, in square feet, of the side panel?
OA.
О в.
O C.
O D.
239
146.4
119.5
60°
292.7

Answers

Answer:

d

Step-by-step explanation:

fffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff

2. What are the domain and range for the exponential parent function,
where b is a positive real number not equal to 1 and a > 0?

Answers

On solving the provided question, we can say that - the value of the given polynomials domain will be ( - infinity, 0)

what is domain?

The range of values a function may accept is referred to as its domain. These numbers represent the x-values of a function like f. (x). The range of values that a function may operate on is referred to as its domain. The value that the function returns following the insertion of the x value is this set. A function containing the independent variable x and the dependent variable y is said to be y = f(x). A value of x is said to be in the domain of a function f if it can be used to successfully create a single value y utilizing the value of x for that purpose.

domain will be ( - infinity, 0)

range = (-infinity, +infinity)

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The total cost​ (in dollars) of manufacturing x auto body frames is ​C(x)=40,000+500x. ​(A) Find the average cost per unit if 200 frames are produced. ​(B) Find the marginal average cost at a production level of 500 units. ​(C) Use the results from parts​ (A) and​ (B) to estimate the average cost per frame if 501 frames are produced.

Answers

The marginal average cost is -1 and The marginal average cost for 200 is  $699.

What is marginal cost?

The price to manufacture a second unit of output is known as the marginal cost. Since marginal cost aids in determining the level of production that is the most effective for a manufacturing process, it is a crucial topic in cost accounting. It is estimated by estimating the costs incurred even if just one more unit is produced.

Given The total cost​ (in dollars) of manufacturing x auto body frames is ​C(x)=40,000+500x.

Average cost = Cx / x

Average cost = (40,000 + 500x)/ x

For x = 200

Average cost = (40,000 + 500 * 200)/200

Average cost = 700$ per frame

Marginal average cost = d(Cx/x)/dx

d(Cx/x)/dx = -40,000/ x^2

at x = 200

Marginal average cost = -40,000/ 200^2  = -1

Marginal average cost = -1 tells us the average cost

decrease at the rate of -1 for every x

Average cost for 200 = 700$ per frame

Average cost for 200 = 700 + 1 (-1)

The average cost for 200 = 700 -1 = 699$

therefore, the Marginal average cost for 200 is $699.

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A science teacher makes two mixtures of red dye and water. Mixture A has 3 mL of red dye every 20 mL of water. Mixture B has 4mL of red dye fr every 30 mL of water. Which mixture is redder?

Answers

The decimal value of the ratio for A is greater than for B. Then mixture A is redder.

What is Algebra?

Algebra is the study of abstract symbols, while logic is the manipulation of all those ideas.

The acronym PEMDAS stands for Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This approach is used to answer the problem correctly and completely.

Two red dye and water combinations are created by a science teacher. For every 20 mL of water in Mixture A, 3 mL of red dye is present. For every 30 mL of water in Mixture B, 4 mL of red dye is present.

The ratio of the red dye to water for A is given as,

⇒ 3 / 20

⇒ 0.15

The ratio of the red dye to water for B is given as,

⇒ 4 / 30

⇒ 0.133

The decimal value of the ratio for A is greater than for B. Then mixture A is redder.

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Write a number sentence using multiplication ti show what fraction represented on the mumber line is equivalent to 3/4

Answers

The fraction that is equivalent to 3/4 is seen as; 6/8

How to represent fractions?

A number sentence is defined as a mathematical sentence that is made up of numbers and symbols.

We want to write a number sentence using multiplication to show a fraction that is equivalent to 3/4.

Now, for us to find the final equivalent fraction, what we have to do is that we will divide or multiply by  denominator and numerator by the same number that is equal to one e.g 3/3; 5/5; 6/6, etc.

Since we want to find equivalent fraction of 3/4, let us multiply both numerator and denominator by 2 to get;

(3 * 2)/(4 * 2) = 6/8

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The perimeter of a rectangle is 408cm and the length is 134cm. Find the rectangle’s width.

Answers

Answer: 70 cm

Step-by-step explanation: perimeter = 2*width + 2*length

408 = 2*width + 2*134

408 = 2*width + 268

Subtract 268 from both sides.

140 = 2*width

DIvide both sides by 2

Width = 70 cm

Answer:

The width of the rectangle is 70 cm

Step-by-step explanation:

Given,

The perimeter of a rectangle is 408 cmThe length is given as 134 cm

To Find : The width of the rectangle

As we know, the formula to find the Perimeter of the rectangle is

[tex]P = 2(l+b)[/tex]

Now the Perimeter is given and the length

[tex]408 = 2(134 + b)[/tex]

Now using distributive property

[tex]408 = 268 + 2b[/tex]

[tex]408 - 268 = 2b[/tex]

[tex]140 = 2b[/tex]

[tex]\frac{140}{2} = b[/tex]

[tex]70cm = b[/tex]

Hence, the width of the rectangle is 70 cm

\int (2)/(\sqrt(5x^(2))+3)dx and steps

Answers

Answer:

Step-by-step explanation:

How can you use this pattern to find 3°

Answers

Number pattern, sequence, finding the algebraic rule and using a ... To illustrate this, consider the following sequence of numbers {1, 3, 5, 7, 9, …}.

What is Number pattern?

Number pattern is a pattern or sequence in a series of numbers. This pattern generally establishes a common relationship between all numbers.Here, we get the numbers in the pattern by skip counting by 5. Given are the steps to identify a number pattern.To solve the problems of number pattern, we need first to find the rule being followed in the pattern.

To find out the rule, we need to see the first few numbers in the series.Try to see the difference between consecutive numbers, it will help us understand the relationship between the numbers.Number pattern is a pattern or sequence in a series of numbers. This pattern generally establishes a common relationship between all numbers. For example: 0, 5, 10, 15, 20, 25, … Here, we get the numbers in the pattern by skip counting by 5.

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The complete question is -

How can you use this pattern to find 3° of the number in Series ?

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