Mathematics, 28.09.2019 05:30 dedrick31

Cindy has decided to lease a car. the lease includes a money factor of 0.00354. what interest rate is cindy being charged in her lease?
a. 0.85%
b. 8.5%
c. 1.475%
d. 14.75%

Answers: 2

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A money factor is the alternative method of presenting the amount of interest charged on a lease with monthly payments. A money factor can be translated into the more common annual percentage rate (APR) interest by multiplying the money factor by 2,400.

2400 x 0.00354 = 8.496%
so the answer is B

Answer from: yolomcswaggin20

Hello there!

the money factor is a way to present the interest rate, you need to multiply it by 2400 (you also can convert interest rate to money factor by dividing the interest rate by 2400)

In this case, the money factor is 0.00354, then if we want to transform it into the interest rate, we need to multiply it by 2400:

a = 0.00354*2400 = 8.496

if we round it to the tenths place, you can see that the first number after the decimal point is a 4, and the next number is a 9, so we should round up the 4.

then a = 8.5

this means that the interest rate is 8.5%, and the right answer is option b.

Answer from: Quest

start with a line segment pq that we will copy. mark a point r that will be one endpoint of the new line segment. set the compasses' point on the point p of the line segment to be copied. adjust the compasses' width to the point q. the compasses' width is now equal to the length of the line segment pq.

step-by-step explanation:

Answer from: Quest

Hello!

the answer is:

$\frac{3^{4} }{3^{1}}=3^{3}$

why?

to solve the problem, we need to remember the quotient of power property, it's defined by the following relation:

$\frac{a^{m} }{a^{n} }=a^{m-n}$

if we have a quotienf of powers that have the same base, we need to keep the same base and subtract the exponent of the denominator power to the exponent of the numerator power.

so, we are given the expression:

$\frac{3^{4} }{3^{1}}$

then, calculating we have:

$\frac{3^{4} }{3^{1}}=3^{4-1}=3^{3}$

hence, the answer is:

$\frac{3^{4} }{3^{1}}=3^{3}$

have a nice day!

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