32. You plan to purchase items for $4000 and will finance the cost with a fixed installment loan. The seller tells you that you will have to pay $100 per month for 48 months.
a. What is the finance charge?
b. What is the interest rate? (Round to the nearest hundredth)

Amount of finance charge = $800

Interest rate = 5% per year

Step-by-step explanation:

Given:

Cost of item = $4,000

Per month payment = $100

Number of month = 48 month = 48 /12 = 4 year

Find:

Amount of finance charge

Interest rate

Computtaion:

Total amount pay = 100 x 48

Total amount pay = $4,800

Amount of finance charge = Total amount pay - Cost of item

Amount of finance charge = 4,800 - 4,000

Amount of finance charge = $800

Interest = P x r x T

800 = 4,000 x r x 4

800 = 16,000 x r

Interest rate = 5% per year

connie < felicia < stew

step-by-step explanation:

stew:

we need to find the slope

m = (y2-y1)/ (x2-x1)

    = (2650-795)/(10-3)

    = 1855/7

265 words per minute

connie:

we need to find the slope

m = (y2-y1)/ (x2-x1)

we have two points (0,0) and (4,800)

m = (800-0)/(4-0)

  m = 800/4

    200 words per minute

felicia:

260 words per minute

200< 260 < 265

connie < felicia < stew

just do 5.2 + 2 ( 7.2) and 1/3 x 3 (.9) and youv'e got your equation. 0.9( 9/10) + 7.2 ^2 = 16.4 hope i could !

step-by-step explanation: