Solve.Jim has a 3-year car lease that allows him to buy the car at the end of the lease for
plus 14 cents a mile for each mile the car is driven over 30,000 miles. If at the end of the lease the mileage on Jim's car is 34,500.5 miles, how much will it cost Jim to buy the car?
A. $689.07
B. $68,907
C. $6530.07
D. $653,007
Answer: C
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Find the finance charge for the following revolving charge account. Assume that interest is calculated on the average daily balance of the account.Average Daily BalanceMonthly Interest Rate$774.80?1%
A. $116.22 B. $13.56 C. $9.69 D. $11.62
Multiply.0.0087 × 0.011
A. 0.00000957 B. 0.000957 C. 0.0000957 D. 0.00000096
Add and subtract as indicated. Simplify and leave the numerator and denominator in your answer in factored form. +
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A.
B.
C.
D.
Solve the problem.The amount of simple interest earned on an investment over a fixed amount of time is jointly proportional to the principle invested and the interest rate. A principle investment of $4700.00 with an interest rate of 4% earned $564.00 in simple interest. Find the amount of simple interest earned if the principle is $2500.00 and the interest rate is 2%.
A. $282.00 B. $300.00 C. $150.00 D. $15,000.00