The smiths bought new furniture that cost $3,298.00. the store offered them
an option of putting $600 down and making equal payments of $300 a month
for 10 months. use the federal reserve system formula to find the apr the
smiths will pay for taking this plan.

10.99%.

Step-by-step explanation:

We have been given that the Smiths bought new furniture that cost $3,298.00. The store offered them  an option of putting $600 down and making equal payments of $300 a month  for 10 months.

First of all, we will find amount paid by down-payments in 10 months.

Total amount paid by Smiths: .

Now we will find amount paid in interest by subtracting initial amount from total amount.

10 months = 10/12 year =5/6 year.

Now, we will use simple interest formula to solve for interest rate.

Therefore, the annual interest rate is 10.99%.

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.

answer:

it is general formula that is used to write value to its excet position

a11 a12 a13

a21 a22 a23

it is the example of order 2 by 3 matrix in this

a11 means value occur in 1 st row 1st column

a12 means value occurs in 1st row 2nd column

a13 means value occur in 1st row and 3rd column

a21 means value occurs in 2nd row and 1st column

a22 means value occurs in 2nd row and in 2nd column

a23 means value occurs in 2nd row and in 3rd column