You buy items costing $1900 and finance the cost with a fixed installment loan for 24 months at 8% simple interest per year. 1. What is the finance charge?
2. What is your monthly payment?

* Please explain how you got the answer*

9514 1404 393

Step-by-step explanation:

1. The finance charge is found from the simple interest formula;

  I = Prt

where P is the principal amount, r is the annual rate, and t is the number of years.

24 months is 2 years, so the interest charged is ...

  I = $1900×0.08×2 = $304

The finance charge is $304.

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2. The monthly payment will be the total amount due, divided by the number of months.

  payment = ($1900 +304)/24 = $2204/24 ≈ $91.83

The monthly payment is $91.83.

80π/3 or about 83.775

step-by-step explanation:

since a cone is 1/3 of a cylinder, we need to find the base's area. since area = πr^2, we get 16π. then, multiplying this by 5, we get 80π. dividing by 3, since the cone's volume is 1/3 of that of a cylinder's, we get 80π/3.

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