This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A refrigerator costs 800 on an installment plan that requires a down payment of 140 and monthly ... (Read 111 times)

segrsyd

  • Hero Member
  • *****
  • Posts: 530
on: Jun 24, 2018
A refrigerator costs 800 on an installment plan that requires a down payment of 140 and monthly payments for 12 months. What are the monthly payments of the plan?

Question 2

Todd Smith paid 891.75 in interest on a 9-month note for 8,200. What rate of interest did Todd pay on the note?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

14vl19

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 24, 2018
Answer to Question 1

55

Answer to Question 2

14.5


segrsyd

  • Hero Member
  • *****
  • Posts: 530
Reply #2 on: Jun 24, 2018
Thank you :)


14vl19

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Body plan axes in animals and plants Body plan axes in animals and plants
Plan and exterior, San Vitale, Ravenna. Plan and exterior, San Vitale, Ravenna.
Security Tips for Accepting Various Forms of Payment Security Tips for Accepting Various Forms of Payment
How to calculate monthly payments at varying amortization periods (Question 2) How to calculate monthly payments at varying amortization periods (Question 2)
Plan of Complex of the Temple of Aphaia, Aegina Plan of Complex of the Temple of Aphaia, Aegina
A promissory note for $600.OO dated January 15, 2017. requires an interest payment of $120 00 ... A promissory note for $600.OO dated January 15, 2017. requires an interest payment of $120 00 ...
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library