Paul paid $663 for a new freezer. He paid for the freezer with his credit card, which has an interest rate of 15.28% compounded monthly, and made monthly payments for five years until the freezer was paid off. He kept the freezer for seven years, and it used an average of $2.14 of electricity per week. Paul made no other purchases or payments with his credit card until the freezer was paid off. Between the interest and the electricity, which component of the lifetime cost of the freezer was greater, and how much greater was it? (Round all dollar values to the nearest cent.)
a.
The interest cost $106.60 more than the electricity.
b.
The interest cost $173.24 more than the electricity.
c.
The electricity cost $489.76 more than the interest.
d.
The electricity cost $115.96 more than the interest.

Answers

Answer 1

Answer:

c

Step-by-step explanation:

Answer 2

The electricity cost $489.76 more than the interest.

Thus, option C is correct.

What is Interest cost?

Interest cost is the total measure of interest a borrower pays on an obligation commitment over the existence of the getting. Interest is paid on the obligation notwithstanding reimbursement of head.

The formula will be:

I = A - P

I = 663(1 + 0.1528/12)^(5*12) - 663

I = 663(1 + 0.1528/12)^60- 663

I = 1416.51 - 663

I = $753.51

The bill for electricity for 7 years and 52 weeks per year  will be

= 7 x 52 x 2.14

= $778.96

The electricity cost is bigger than the interest:

$778.96 is bigger than $753.51 by $25.45:

$778.96 - $753.51 = $25.45.

Therefore, option C is correct.

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Related Questions

Can someone please help me?​

Answers

Answer: X=7/3

Step-by-step explanation:

3

+

2

=

2

+

1

3

3

3x+2=2x+\frac{13}{3}

3x+2=2x+313​

Solve

1

Subtract

2

2

2

from both sides of the equation

3

+

2

=

2

+

1

3

3

3x+2=2x+\frac{13}{3}

3x+2=2x+313​

3

+

2

2

=

2

+

1

3

3

2

3x+2{\color{#c92786}{-2}}=2x+\frac{13}{3}{\color{#c92786}{-2}}

3x+2−2=2x+313​−2

2

Simplify

Subtract the numbers

Subtract the numbers

3

=

2

+

7

3

3x=2x+\frac{7}{3}

3x=2x+37​

3

Subtract

2

2x

2x

from both sides of the equation

3

=

2

+

7

3

3x=2x+\frac{7}{3}

3x=2x+37​

3

2

=

2

+

7

3

2

3x{\color{#c92786}{-2x}}=2x+\frac{7}{3}{\color{#c92786}{-2x}}

3x−2x=2x+37​−2x

4

Simplify

Combine like terms

Multiply by 1

Combine like terms

=

7

3

x=\frac{7}{3}

x=37​

Solution

=

7

3

What is the product of (3y^-4)(2y^-4)

6/y^6
1/6y6
6/y16
1/6y16

Answers

Answer is 1/6y16 that’s the answer

Mixed numbers 204/5=

Answers

Answer:

Step 1 - Find Whole Number

Calculate out how many times the denominator goes into the numerator. To do that, divide 204 by 5 and keep only what is to the left of the decimal point:

204 / 5 = 40.8000 = 40

Step 2 - Find New Numerator

Multiply the answer from Step 1 by the denominator and deduct that from the original numerator.

204 - (5 x 40) = 4

Step 3 - Get Solution

Keep the original denominator and use the answers from Step 1 and Step 2 to get the answer. 204/5 as a mixed number is:

40  

   4  

   5  

Improper Fraction To Mixed Number Converter

204/5 as a mixed number is not the only problem we solved. Go here to convert another improper fraction to a mixed number.

What is 204/6 as a Mixed Number?

Here is the next improper fraction on our list that we converted to a mixed number.

Terminology & Explanation

204 above the division line is called the numerator and 5 below the divison line is called the denominator.

We call the line that separates 204 and 5 the division line. It is also known as the fraction bar or vinculum.

204/5 is an improper fraction because the numerator is greater than the denominator.

A mixed number is an integer (whole number) and a proper fraction.

-48 divided by what equals 6

Answers

Answer: the answer is -8

Step-by-step explanation:

Someone help me pls, this is a distance time graph

Answers

Answer:

it's b

Step-by-step explanation:

just took the test

b. One room is 8 ft wide and 12 ft long.
Another room is 9 ft wide and 15 ft
long. What is the difference in area?

Answers

Answer:

12-8

15-9

Step-by-step explanation:

Bank account A starts with $5,000 and grows by $1,000 each week. Bank account B starts with $1 and doubles each week.
1.which account has more money after one week?After two weeks?

Answers

Answer:

A

Step-by-step explanation:

If bank A keeps adding on 1,000 and bank B is only doubling by 2 then A is much greater than B.

The account that has more money after one week is account A.

The account that has more money after two weeks is account A

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example: 2 + 3x + 4y = 7 is an expression.

We have,

Account A:

Balance = $5000

Each week increase = $1000

Amount after one week.

= 5000 + 1000

= 6000

Amount after 2 weeks.

= 6000 + 1000

= 7000

Account B:

Balance = $1

Each week's increase = doubles the amount

Amount after 1 week.

= $2

Amount after 2 weeks.

= $4

Thus,

Account A has more money after one week.

Account A has more money after two weeks.

Learn more about expressions here:

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Review the federal income tax table.

Single
If Taxable Income Is between: Then the Tax Due Is:
$0 – $9700 10% of taxable income
$9701 – $39,475 $970+12% of the amount over $9700
$39,476 – $84,200 $4543+22% of the amount over $39,475
$84,201 – $160,725 $14,382.50+24% of the amount over $84,200
$160,726 – $204,100 $32,748.50+32% of the amount over $160,725
$204,101 – $510,300 $46,628.50+35% of the amount over $204,100
$510,301+ $153,798.50+37% of the amount over $510,300



Mustafa earned $95,000 in taxable income in a year from his job as a software developer. How much federal income tax does he owe? Enter your answer as a number rounded to the nearest cent, such as: $42,536.47.

Answers

9514 1404 393

Answer:

  $16,974.50

Step-by-step explanation:

$14,382.50+24% of the amount over $84,200 is ...

  $14,382.50 +0.24×(95,000 -84,200) = $14,382.50 +2592.00 = $16,974.50

Mustafa owes $16974.50 in federal income tax.

_____

Additional comment

Each row of the tax table can be simplified by multiplying out the expression it describes. For the row applicable to this problem, that becomes ...

  14382.50 +0.24(amount -84200) = 14382.50 +0.24×amount -20208

  = 024×amount -5825.50

What is the answer for 2x+34

Answers

Answer:

16

Step-by-step explanation:

2(x + 17)

simplify or factorize

what is 200 x 300 kakakkakakakakkaakkkak

Answers

Answer:

60000 ty ..............

Answer:

60000

..............

what a difficult question !!! Do not ask such difficult questions ..lol

Can somebody help me with social studies since nobody will?

Answers

Answer:

Yes! Sure I will, just follow me and I will follow you!

Then I get the notifications of your doubts.

Step-by-step explanation:

I love helping

Order the numbers from least to greatest 0.607, 607, 6.07, 60.7

Answers

Answer:

0.607, 6.07, 60.7, 607

Step-by-step explanation:

f(x)=3x 3 inverse function

Answers

Step-by-step explanation:

if I understand this correctly than you are looking for the inverse function of f(x) = y = 3x³.

the inverse function simply tries to calculate the original x it of the original y.

and then, to make it a formal function, we rename x to y and y to x.

y = 3x³

x³ = y/3

[tex]x = \sqrt[3]{ \frac{y}{3} } [/tex]

=> as "regular" function

[tex]y = {f}^{ - 1} (x)= \sqrt[3]{ \frac{x}{3} } [/tex]

Mary cut a square piece of fabric with an area of 40 square feet. Which expression could be used to find the side length of the fabric?

Answers

Answer:

L = 6.3 or 6.4

Step-by-step explanation:

Just do the square root of 40, which is 6.3 or 6.4 (but I think 6.4 is a better answer)

graph this linear equation

y-2=4(x-1)

Answers

x= 0,1

y= -2,2

Slope 4

Y-Intercept (0,-2)

Andrea saves 65 each day.if this is 25% of hair daily allowance, how much is her daily allowance

Answers

25/100 = x/65

100x = 1625

x = $16.25

$16.25 is her daily allowance

Find what 2/4 is multipled by to to get 2/4 divided by 12. Then solve the problem. Do not reduce your answer.

Answers

Answer:

Step-by-step explanation:

Enter the number
10.333333333333
rounded to the nearest hundredth (two decimal places):

Answers

Answer:

Step-by-step explanation:

This decimal rounded to the nearest 1/100 is 10.33 The next 3 in the 1/1000 place, is not large enough to influence the 3 in the hundredth place.

So the answer is 10.33

what's the answer to
-12(d-5)-29=43​

Answers

Answer:

d=-1

Step-by-step explanation:

The answer would be d = -1

HELP THIS IS DUE IN A FEW HOURS!!!
Emery borrowed money from her brother to buy a new phone and is paying off a fixed amount each week.

After 2 weeks, she will owe $456, and after 5 weeks, she will owe $228.
Create an equation in point-slope form to represent this situation.

Answers

Step-by-step explanation:

you can see the full answer in Quizlet

what is % 12 of 104?​

Answers

Answer:

12.48 is the answer

Step-by-step explanation:

have a great day

Answer:

12.48

Step-by-step explanation:

104×12=1248

1248 count to decimals

12.48

In a hand of cards, the ratio of black cards to red cards was 5 to 3. If the hand contained 15
black cards, which of the following proportions could be solved to find the number of red
cards?

Answers

Answer:

5:3 =  15:x

the answer would be 15 black cards to 9 red cards

Step-by-step explanation:

Ben gets $50 per day as wages and $6.00 as commission for every book he sells in a day. His daily earnings goal is $140.
Using the equation constructed in previous question, solve for the
number of books he must sell to meet his daily earnings goal.


Answers

$140 = $6 per book • x books + $50

Subtract $50 from $140 and you get:
$90 = $6 per book • x books

Divide $90 by $6 per book:
And you get x = 15 books

Answer:

the basic wage is 50$

the extra to get 140$ is 90$(140-50)

.............

as for 1 book he get 6$

so for ? book he get 90$

then ? =(90$*1)/6$= 15 book

that's it hope i helped.

Help me answer these questions

Answers

Answer:

Explanation below

Step-by-step explanation:

3. 46

4. 66

5. 30

6. 75

7. 18

8. 24

9. 33

10. 60

11. 16

12. 45

At a youth club there are 3 boys for every 4 girls if there 12 boys at the club , how many girls are there

Answers

Answer:

16

Step-by-step explanation:

i use tally marks

Answer:

16 girls.

Step-by-step explanation:

There are two ways,

The Relationship between each ratio is multiplying by 4.

Or cross multiply;

12×4=48

48÷3=16

Hope you're having a splendiferous day or evening.

What is the equation, in point-slope form, for a line that goes through(8, −4) and has a slope of −5/6?

Answers

Answer:

[tex]y = \frac{-5}{6} x + 2\frac{2}{3}[/tex]

Step-by-step explanation:

Use the Point-Slope formula...

(y - (-4)) = -5/6(x - 8)

Simplify

y + 4 = -5/6x + [tex]6\frac{2}{3}[/tex]

y = -5/6 + 2 2/3

(-5.4, 4.7) and (0.6, 4.7) find the unit

Answers

Answer: 6 units

Step-by-step explanation:

|-5.4| + |0.6|

5.4 + 0.6 = 6 units

-3/5-2/10= para ahorita plsss

Answers

Answer:

-0.8     GL HEHHEHHEHEHEHEHEHEHEHHEHEHEHHEHEH

45six +13six

Carry out the addition shown using base six notation

Answers

Step-by-step explanation:

45 6

13 6

_____ +

02 6

1

________

6 /..8

..... -6

_______

..... 2

0

_______

6/5

...5

_____

0

For how many days is the total cost $300? ___days

Initial Value 8
Rate of Change 15

Answers

Answer:

≈ 19.5 days

Step-by-step explanation:

Initial Value b = 8 Rate of Change  m = 15

Equation of the line:

y = 15x + 8

Find x when y = 300:

15x + 8 = 30015x = 300 - 815x = 292x = 292/15x ≈ 19.5 days
b=initial value=8m=rate if change(Slope)=15

Equate

[tex]\\ \sf\longmapsto y=mx+b[/tex]

[tex]\\ \sf\longmapsto 300=15x+8[/tex]

[tex]\\ \sf\longmapsto 300-8=15x[/tex]

[tex]\\ \sf\longmapsto 292=15x[/tex]

[tex]\\ \sf\longmapsto x=\dfrac{292}{15}[/tex]

[tex]\\ \sf\longmapsto x=19.5[/tex]

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