Find the finance charge for a $4,000, 2-year loan with a 4% APR.

Answers

Answer 1

The finance charge for a $4,000, 2-year loan with a 4% APR would be $320.

What does finance charge mean in finance?

A finance charge is the interest we will pay on a debt and it's generally used in the context of credit card debt. A finance charge is normally calculated by using your annual percentage rate, or APR, the amount of money you owe, and the time period.

To calculate the finance charge, you would use the formula: Finance Charge = (APR/12) x Principal x Time (in months)

In this case: Finance Charge = (4/100/12) x $4,000 x 24 = $320.

Read more about finance charge

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Related Questions

Solve the system of equations by elimination:

−5x+3y=2
−5x−5y=−30

Answers

Answer: 1 : -5x + 3y = 2 Equation 2 : -5x - 5y = -30 Because both equations the system of equations by elimination.

Answer:

(2,4)

Step-by-step explanation:

multiply both sides by -1

-5x+3y=2

5x+5y=30

sum the equations vertically to eliminate at least one variable

8y=32

divide both sides by 8

8÷32=4

y=4

substitute the given value of y into the equation

-5+3×4=2

solve the equation for X

x=2

check ordered pair (2,4) is the solution of the system of equations

-5×2+3×4=2

-5×2-5×4= -30

2=2

-30=-30

solution is (2,4)

Select whether each system of equations has no solution, one solution, or infinitely many solutions.
No Solution
One Solution
Infinitely Many Solutions
6
0
I + 2y
23 Зу
--
26
42 2y = -6
y = 2.c 4
O
-
.
2.0
y = 4
62 — 3y = 12

Answers

I’m not sure!!!!!!!!!!!!!!!!!!

What is the first error Holden made in his proof?

Answers

Answer:

Step-by-step explanation:

He didn’t show his work.

Answer:

Holden wanted to build “Australia's Own Car” and in 1948 the first Holden car was produced.

Hope this helps, pls mark me as brainliest

write the equation of a line in point-slope form for a line that passes through the point (-2,1) and has a slope of -3

Answers

Answer:

y-1=-3(x+2)

Step-by-step explanation:

Plz help I don’t get this

Answers

the first and third one are correct

4 = y - 4
3 = 9 - y
1 = 8 - y
2 = 9 - y
4 = y - 3

Answers

Answer: a a a a. Aa

E s. Ss s

Step-by-step explanation:

s. S s s s. S s s s s

What is the value of y in the product of powers below? 8^3x8^-5x8^y=8^-2=1/8^2​

Answers

The answer is y=207 hope this helps

How tall are 2 chairs stacked together? The height of the chairs
5 chairs are 51 inches high
3 chairs are 45 inches high
8 chairs are 60 inches high

Answers

Answer: 20.4  damm this easy

PPPPPPPPPPPPPPPPPPPPPPPPPPPPplwlwlwlwlwlwlwlEEEEEEEEEEEEEEEEASE

Answers

We are youngggggg so set the world on fire
The slope is -7/1
m=-7

Combine like terms to write an equivalent expression. Then complete the statements.

2f + 5 + f – 3

The constants, _________, are like terms.

_________ are also like terms.
Combine the constant terms by __________

Combine the variable terms by adding the _________

The equivalent expression is ________

Answers

Answer:

The constants, 5 and -3, are like terms

2f and f are also like terms. Combine the constant terms by adding them together.

Combine the variable terms by adding the

Equivalent expression is 3f+2

Step-by-step explanation:

Like terms are terms that are the same so in this case the variables are like terms. And the constants or just the numbers are the same.

(3f and f)

(5 and -3)

The ratio of one side of ACDE to the corresponding side of a similar AFGH IS 2:5. The perimeter of A CDEIS 9.2 inches.
Find the perimeter of AFGH.

Answers

Answer:

25:16 is the ans hope that helps!

9514 1404 393

Answer:

  23 inches

Step-by-step explanation:

The perimeters have the same ratio. Multiplying the ratio figures by 4.6 gives ...

  2 : 5 = (4.6)2 : (4.6)5 = 9.2 : 23

The perimeter of ΔFGH is 23 inches.

Please help with this, it’s Khan Academy A.K.A annoying

Answers

B makes sense.

On the first play, they gained 6 yards.

On the 2nd play, they lost 8 yards, which can be shown as + (-8)

On the 3rd play, they lost two yards, which can be shown as + (-2)

If you input it in a calculator, you'd find that the answer is a negative, which makes sense considering that they lost more yards than they gained.

answer my question PLEASE

Answers

Answer:

jahshh83828

Step-by-step explanation:

iwhdbwowhei2kdhe829274

You purchase five municipal bonds on the first of the year. The current market value price is [tex]101\frac{1}{4}[/tex]. The commission charge is $8 per bond. What is the cost of purchasing these bonds?


a.$5546.25
b.$5102.50
c.$5062.50
d.$546.25

Answers

Answer:

B $5102.50

Step-by-step explanation:

answer on edge :)

Answer:

its b.

Step-by-step explanation:

Jenna's profit for selling 38 felt ornaments is $104.50. Suppose Jenna keeps track of the number of sales (x) and profit
(y) on a graph. Which statements are correct?

Answers

Answer:

B and E

Step-by-step explanation:

trust me its correct

Which are perfect cubes? Check all that apply.

64
x16
8x3
27x4
81x6
125x9

and pls tell me how to find a perfect cube i will mark brainlyesr

Answers

Answer:

64x16=1024

8x3=24

27x4=108

81x6=486

125x9=1125

Step-by-step explanation:

Braineist please

Answer:

A=64 C=8x^3 F=125x^9

Step-by-step explanation:

♥☺

On a coordinate plane, if you take a point from (2, -5) and move it up 3 units to point "A" what is the distance of point a to coordinates (5, 0)?
A. 3
B. Square root of 11
C. Square root of 13
D. 5

Answers

Answer:

C

Step-by-step explanation:

(2,-5) move up three steps is (2, -2). if you draw it on a paper(and draw lines to connect them), you can see that they form a right triangle. apply a²+b²=c² and you should get 3²+2²=(√13)²

First we need to find the point after the translation of 3 units up.

(2,-5)->(2,-2)

Now we have the point (2,-2) we just need to use the difference formula to find the distance between this point and (5,0)

Distance=[tex]\sqrt{(5-2)^2+(0-(-2))^2}[/tex]

Now we need to simplify/solve this expression

=[tex]\sqrt{3^2+2^2}[/tex]

=[tex]\sqrt13[/tex]

Therefore the answer is C!

12.92 divided by 3.4 And if you can put how you solved it that also would be great​

Answers

Answer:

The answer is 3.8

Step-by-step explanation:

Change the divisor 3.4 to a whole number by moving the decimal point 1 places to the right. Then move the decimal point in the dividend the same, 1 places to the right.

We then have the equations:

129.2 ÷ 34 = 3.800000

and therefore:

12.92 ÷ 3.4 = 3.800000

Both calculated to 6 decimal places.

( In 3.800000, you can take away the zeros, which will be equal to 3.8 )

I hope this was helpful! :)

What is the length of a base of a right triangle with an area of 15 meters and a height of 3 meters?

Question 1 options:

5 meters


12 meters


10 meters

Answers

Answer:

10

Step-by-step explanation:

15 = 1/2 * b * 3

15 * 2 = 3 * b

b = 30/3

b = 10 m

ANSWER ASAP/GIVING HIGH RATING DUE SOON,PLS JUST ANSWER I HAVE AKOT OF WORK DUE IN 10 MINS​

Answers

$10 if she deposited every month

What is the solution to 5x-2<13

Answers

Answer:

x<3

Step-by-step explanation:

Step 1: Add 2 to both sides.

5x−2+2<13+2

5x<15

Step 2: Divide both sides by 5.

5x/5 < 15/5

x<3

Can pls help me with my homework plss

Answers

Who good with algebra 2?

[tex]cos \: k = \frac{adj}{hyp} = \frac{5}{13} [/tex]

//

I'm unsure about what to do after that but you can:

[tex]cos( \frac{5}{13} ) = 0.999977469[/tex]

[tex]cos \: k = 1.00[/tex]

or

[tex] \frac{5}{13} = 0.384615385[/tex]

[tex] = 0.38[/tex]

I think the first one's safer.

What is the equation of the line that passes through the point (8,1) and has a slope
Answer:

Answers

Answer:

x=1y

Step-by-step explanation:

umm what's the slope though bro??
there's no way of knowing the equation without 2 coordinate pairs or one coordinate pair and slope but you have none

solve the proportion X-16/x+6 = 3/5

Answers

Answer:

x = 49

Step-by-step explanation:

Given

[tex]\frac{x-16}{x+6}[/tex] = [tex]\frac{3}{5}[/tex] ( cross- multiply )

5(x - 16) = 3(x + 6) ← distribute parenthesis on both sides

5x - 80 = 3x + 18 ( subtract 3x from both sides )

2x - 80 = 18 ( add 80 to both sides )

2x = 98 ( divide both sides by 2 )

x = 49

Answer:

x = - 49

Step-by-step explanation:

Solve for X by cross multiplying.

Uma colônia de bactérias duplica de tamanho a cada dois dias. Começando com apenas um representante, quantos membros terá a colônia depois de um mês?

Answers

Answer:

Espero que isto ajude!

Step-by-step explanation:

q  duplica  logo a razão q =2

1 hora = 60 minutos

4 hs *  60 min = 240 minutos ou 240 : 6    = 40  vezes   6 minutos

Nota >  240 minutos tem 40 * 6 minutos

n = 40

a1 = 6 min  = 3

a2 = 12 min = 3 * 2 = 6

q3 = 18 min  =  6  *2  =12

an = a1 * q^n-1

a40  = 3 * 2^40-1

a40 = 3 * 2^39

a40  = 3 * 5497559  =16492677 >>>>>

The temperature is −3.4 degrees Celsius. The temperature goes down 7.9 by degrees. What is the new temperature? pls help me its due in 10

Answers

Answer:

-11.3 is the answer

Step-by-step explanation:

because -3.4-7.9= -11.3

NEEd HELp ASAP AlGEBRA 1

Answers

Answer:

Step-by-step explanation:

10) -15xy + 25x ????????????????????

Answers

Factor (−15x)(y)+25x

−15xy+25x

=5x(−3y+5)

Answer:

5x(−3y+5)

*URGENT* Would it be better to invest at 6% APR compounded annually or 6% APR compounded
continuously?

Answers

Step-by-step explanation:

step 1. compounded annually gives you interest once a year.

step 2. compounded continuously gives you interest every split second and then gives you interest on interest!

step 3. getting interest on your money continuously is better.

Find the value of 0.7x0.08

Answers

Answer:

0.056

Step-by-step explanation:

For decimals, you just multiply, and the hundredths would stay, so the answer is 0.056, because 8 x 7 = 56!

Answer:

0.056

Step-by-step explanation:

7*8 is 56 right

looking at 0.7 how many numbers are before that dot

1 right which is seven

then 0.08 has how many digits before the dot thing

2 right which is 0 and 8

in total making three

then in 56 move three times forward from behind

1  5.6

2  0.56

3  0.056

and thats how we got this

dont confuse this technique with numbers like 0.80

the zero at the end of that number is not needed

that is to say that

0.80 = 0.8

when theres a zero at the back of a decimal its not counted

e.g

0.50= 0.5

0.4000000= 0.4

hope this helped

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