Find the APR (true annual interest rate), to the nearest half percent, for the following loan. Use the Annual Percentage Rate table if necessary.
Amount Financed = $5300Finance Charge = $260Number of Monthly Payments = 24
A. 4.0%
B. 4.5%
C. 5.5%
D. 5.0%
Answer: B
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Determine whether the equation is quadratic.-4x2 + x = 7
A. No B. Yes
Solve the problem.The half-life of a certain radioactive substance is 14 years. Suppose that at time t = 0 , there are 27 g of the substance. Then after t years, the number of grams of the substance remaining will be N(t) = 27
t/28. How many grams of the substance will remain after 70 years? Round to the nearest tenth.
A. 2.4 g B. 0.6 g C. 1.2 g D. 4.8 g
Solve the problem.The same number of people moved to Gill Rock each month for the last six months. If a total of 138 people moved, how many moved each month?
A. 23 people B. 46 people C. 34 people D. 138 people
Use the percentage method of withholding to find the federal withholding tax, a 6.2% FICA rate to find the FICA tax, and 1.45% to find the Medicare tax. Then find the net pay for the employee. Assume that the employee has not earned over $115,000 so far this year.
Thomas McKnight has gross earnings of $22,012.15 monthly. He is married and has 8 withholding allowances.
A. $24,608.96 B. $17,731.41 C. $20,328.22 D. $16,047.48