Jaime needs to buy a new refrigerator for his apartment. He found what he needed for
$1,300 at a well-known appliance store. The store is offering two options for Jaime to
finance the appliance:
Option: A store credit card with a $1,500 limit:
1) The credit card charges 16.5% annual interest rate
2) The minimum monthly payment is $100 plus the monthly
finance charge
3) No down payment required
4) The loan is expected to be paid off in 12 months to avoid
additional penalties
Option II: The appliance store offers an installment loan for his purchase:
Loan charges a simple interest rate of 12,5%
2) Loan must be paid off in 12 equal payments to avoid penalties
A $300 down payment is required
A Which Option should Jaime choose if he wants the interest he pays to be as
small as possible?

Answers

Answer 1

The second option should be chosen as it depicts the amount with the lowest interest.

How to calculate the interest

For option 1, the annual interest will be:

= $1300 × 16.5% = $214.50

The monthly finance charge will be:

= $1300 × (0.165/12)

= $17.88

The minimum monthly payment for the first month will be:

= $100 + $17.88 = $117.88

Hence, the total amount paid will be:

= ($117.88 × 12) + $214.50

= $1629.06

For option 2, the simple interest will be:

= (1300 × 12.5%)

= $162.50

The amount that will be paid monthly will be:

= $1000/12

= $83.33.

In this case, the total amount paid will be:

= $162.50 + $1300

= $1462.50

Therefore, the second option is better as it's cheaper.

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Related Questions

(3^2+4−2)(2^2−3−4) can you guys please solve this for me please.

Answers

Answer:

-33

Step-by-step explanation:

[tex](3^2+4-2)(2^2-3-4)[/tex]

[tex](9+4-2)(4-3-4)[/tex]

[tex](13-2)(1-4)[/tex]

[tex](11)[/tex] · [tex](-3)[/tex]

(-33)

PLEASE HELP! Simplify the expression and write any restrictions.

Answers

Answer:

=3

Step-by-step explanation:

2+2=4

4-1=3

Quick maths

Using the diagram below, determine which
statement is NOT true.

Answers

Answer: C

Step-by-step explanation:

What is the equation of the line in slope intercept form? Plz ASAP​

Answers

Answer:

3) y = -2x + 16

Step-by-step explanation:

__________

a three-digit lottery ticket using the numbers 0 to 9 has how many possible combinations? using only the fundamental counting principal.

Answers

Answer:

1000 combinations

Step-by-step explanation:

A set of twenty cards is labeled 1 through 20. Anna draws one card randomly. What is the probability that Anna will draw an even number greater than 10?

Answers

Answer:

50% chance

Step-by-step explanation:

35% of flowers sold on a day were roses. If 42 roses were sold, how many total flowers were sold?

Answers

Hence, 120 flowers were sold in total on that day as the Roses made up 35% of the total number of flowers.

what is unitary method ?

In mathematics, the unitary approach entails determining the value of a single unit and then using that value to determine the value of a certain number of units. It is frequently applied to issues concerning rates and proportions as well as issues relating to ratios and proportions. The unitary method, for instance, would result in a cost of $5 for 5 apples if the price of 1 apple is $2. To calculate the overall cost using the unitary method, we would multiply the $2 worth of one apple by the quantity we wish to purchase. Therefore $5 would be spent on 5 apples, or $2 each.

given

Assume that "x" represents the total quantity of flowers sold on that particular day.

Roses made up 35% of the total number of flowers, which means that:

0.35x = 42

By dividing both sides by 0.35, we can determine the value of "x":

x = 120

Hence, 120 flowers were sold in total on that day as the Roses made up 35% of the total number of flowers.

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A sample of juniors and seniors were asked if they plan to attend college.

One surveyed student is selected at random. Select all that apply. Percents are rounded.

A. The probability the student is a junior is 52%.

B. The probability the student plans to attend college is 70%.

C. Given the student plans to attend college, the probability the student is a junior is 68%.

D. Given the student is a junior, the probability the student plans to attend college is 68%.

E. Events "is a junior" and "plans to attend" are independent.

F. Events "is a senior" and "plans to attend" are independent.

Answers

Answer:

From the survey, the following apply to both Junior and Seniors who were asked about their plan towards attending college:

C. Given the student plans to attend college, the probability the student is a junior is 68%.

D. Given the student is a junior, the probability the student plans to attend college is 68%.

F. Events "is a senior" and "plans to attend" are independent.

B. The probability the student plans to attend college is 70%.

Step-by-step explanation:

Can someone help me with this please

Answers

Answer:

x = 61

Step-by-step explanation:

These 2 angles are supplementary which means they add up to 180:

2x - 6 + x + 3 = 180

3x - 3 = 180

3x = 183

x = 61

x^2 - 11x + 24 =0 in a b c form

Answers

Answer:

x^2-11x=-24

Step-by-step explanation:

A factory found that 8% of its produced light bulbs are defective.

If the factory produces 500 light bulbs, how many light bulbs are expected to be defective?

Answers

Answer:

40

Step-by-step explanation:

no. of defective light bulbs= 8/100×500

= 40

If x = 9 when y = 36 and x is directly
proportional to y, what is x when y= 6?

Answers

Answer:

[tex]x = 1.5[/tex]

[tex]Explaination :\\\frac{36}{9} = 4\\\frac{6}{4} =1.5\\Answer = 1.5[/tex]

Answer:

x = 1.5

Step-by-step explanation:

[tex]\frac{9}{36} :\frac{x}{6}[/tex]

Cross multiply.

36 · x = 9 · 6

Simplify.

36x = 54

Divide each side by 36.

36x ÷ 36 = 54 ÷ 36

Simplify.

x = 1.5

Find the sum of 4x^3 + 6x^2 +2x - 3 and 3x^3 +3x^2 -5x -5

Answers

Answer:

7x³ + 9x² - 3x - 8

Step-by-step explanation:

4x³ + 6x² + 2x - 3 + 3x³ + 3x² - 5x - 5 ← collect like terms

= 7x³ + 9x² - 3x - 8

Please help! This boxed is packed with cubes that measure on cubic foot.
Enter the volumes of the box in cubic feet.

Answers

Answer:

Volume of Cuboid = 72 cubic feet

Step-by-step explanation:

Using 1 cubic foot as standard

Given:

Length of given cuboid = 6 feet

Width of given cuboid = 3 foot

Height of given cuboid = 4 foot

Find:

Volume of Cuboid

Computation:

Volume of Cuboid = Length of cuboid x Width of cuboid x Height of cuboid

Volume of Cuboid = (6)(3)(4)

Volume of Cuboid = 72 cubic feet

Find the volume of a pyramid with a square base, where the area of the base is
12.9 cm2 and the height of the pyramid is 15.2 cm. Round your answer to the
nearest tenth of a cubic centimeter.

Answers

Answer: 65.4

Step-by-step explanation:

guys whats 10x10 pls help me thank you

Answers

It's 100 ... ... ... ... ...

NEED ASAP
The arithmetic mean of the monthly salaries of two people is $4444. One person earns $3191 per month. What is the monthly salary of the other person?

Answers

1253, since 4444-3191=1253

Solve for x

|2x+1| + |3x-4| = 5

Answers

Answer:

0, 8/5

Step-by-step explanation:

You can use the app photo math you just take a picture of the problem and it gives you the answer and shows the steps:)

A triangle has side lengths of 9 centimeters and 15 centimeters. The third side has a length of x centimeters. complete the inequality to show all the possible values of x.

Answers

Answer:

67.5

Step-by-step explanation:

area of a triangle (1/2 l×b)

1/2 ×9×15× x=135x

divide any side by 2

x=4.5×15=67.5

x=67.5

The value of x is 67.5.

We have given that,

A triangle has side lengths of 9 centimeters and 15 centimeters.

The third side has a length of x centimeters

What is the area of a triangle?

The area of a triangle is  (1/2 l×b)

l is length and b is a breadth.

Therefore we use the given value in the formula so

1/2 ×9×15× x=135x

divide any side by 2

x=4.5×15=67.5

x=67.5.

Therefore the third side of the triangle is 67.5.

So the inequality is

67.5≤15≤9.

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Whats -0.5 rounded to the nearest 10th

Answers

Answer:

-0.5 is rounded to the nearest tenth

Step-by-step explanation:

Answer:

it would be -0.5

Step-by-step explanation:

tenth means 1dp the number after it would determine it but there is a zero after the 5 which means that it stays the same.

4/x + 2/y = 3 is that linear? explain

please help i need it for my final

Answers

Answer:

Yes

Step-by-step explanation:

product of 3 and e in algebric expression​

Answers

product of 3 and e in algebric function = 3e

What is the sum of the first eight terms in this series?

2 + 10 + 50 + 250

A.
97,656
B.
156,250
C.
195,312
D.
317

Answers

Answer: c

Step-by-step explanation: because of the 2 in the first one there will be a 2 in the answer

The sum of the first eight terms in this series is 97,750.

We have,

We notice that each term in the series is obtained by multiplying the previous term by 5.

Therefore, this is a geometric series with a common ratio of 5.

We can use the formula for the sum of the first n terms of a geometric series:

[tex]S_n = a(1 - r^n)/(1 - r)[/tex]

where a is the first term, r is the common ratio, and n is the number of terms.

In this case,

a = 2, r = 5, and n = 4 (since we have four terms).

Substituting these values into the formula gives:

[tex]S_4 = 2(1 - 5^4)/(1 - 5)[/tex]

= 2 (-624)/(-4)

= 156

The sum of the first four terms is 156.

To find the sum of the first eight terms, we need to find the sum of the first four terms and then multiply by the common ratio raised to the power of 4:

[tex]S_8 = S_4 \times 5^4[/tex]

= 156 x 625

= 97,500

Adding the last term (250) to this sum gives:

= [tex]S_8[/tex] + 250

= 97,500 + 250

= 97,750

Therefore,

The sum of the first eight terms in this series is 97,750.

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Calculate the marked price (original price) if

a. After 25% discount, the price of an article is Rs 7500,


please with explanation and calculation the answer should be Rs 10 000

Answers

To get the original price we are going to;

1) Subtract the discount percentage from 100 to get the original price percentage.

100 - 25 = 75 %

2) Now we are going to multiply the discounted price by 100.

7500 x 100 = 750,000

3) Now we are going to divide the discounted price by the original price percentage.

750,000 / 75 = 10,000

Therefore the original price is Rs 10,000

HELP ILL GIVE BRAINLIEST!!

Answers

Answer:

the answer is 8$

Step-by-step explanation:

Sven deposited R3500 into a savings account where interest is compounded annually at 11.2% at the end of two years he withdrew R1800.
calculate the amount of money left in the account after two years​

Answers

Answer:

Amount left= 4,327.9 - 1,800

Step-by-step explanation:

Giving the following information:

Initial deposit (PV)= $3,500

Interest rate (i)= 11.2%

Number of periods (n)= 2 years

Withdrawal= $1,800

First, we need to calculate the future value of the investment at the end of 2 years:

FV= PV*(1 + i)^n

FV= 3,500*(1.112^2)

FV= $4,327.9

Now, after the withdrawal:

Amount left= 4,327.9 - 1,800

For 11 days straight, Mike drove the same distance every day going to and coming from work. On the 12th day, he drove an extra 7 miles. If Mike drives 91 miles in total in those 12 days, write an expression to find the distance he travels each day going to and from work.

Answers

Answer:

A) The algebraic expression

= 12x + 7 = 91

B) He drives 7 miles per day

Step-by-step explanation:

For 11 days straight, Mike drove the same distance every day going to and coming from work.

Step 1

We are told : Mike drives 91 miles in total in those 12 days,

On the 12th day, he drove an extra 7 miles.

Hence:

91 miles - 7 extra miles

= 84 miles

Step 2

The number of miles he drives per day:

84 miles/12

= 7 miles per day

Step 3

The expression we can use to find the distance he travels each day going to and from work is written as:

Let the number of miles he travels be day = x

12x + 7 = 91 miles

12x + 7 = 91

12x = 91 - 7

12x = 84

x = 84/12

x = 7 miles per day

The difference between a and b is 10. The number a is 4 more than 3 times the number b. Which of the following pairs of equations could be used to find the values of and b? If explanation given properly will give BRAINLIEST!!!

a) b-a=10, a=3b+4
b) a-b=10, b=3a+4
c) a/b=10, a=3b+4
d) a-b=10, a=3b+4
e) b-a=10, 3b=a+4

Answers

Answer:

d)

Step-by-step explanation:

a - b = 10

a = 4 + 3b

Please help me choose the correct answer to find the answer

Answers

Answer:

y = -3x + 12

Step-by-step explanation:

6x + 2y = 24 *subtract 6x from both sides*

2y = -6x + 24 * divide both sides by 2*

y = -3x + 12

i really need help school end trw and i have 1 question till i am done but i dont know what it is PLEASE HELP FAST


1+1+3

Answers

Answer:

5

Step-by-step explanation:

Answer:

1+1+3=5

Step-by-step explanation:

you have three dogs and you get another dog. You now have 4 dogs. You get yet another dog so now you have 5.

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