Lenny lendee purchased a snowblower for $199.95. he paid 25% down and agreed to pay $14.99 for 12 months.

his 25% down payment was $.

so he will finance $.

at the end of one year, his monthly payments will total $.

to the nearest tenth, his apr = total finance charge ÷ amount borrowed = %.

Downpayment = $ 49.9875

Financed amount = $ 149.9625

Total monthly payment = $ 179.88

APR = 19.9 %

Step-by-step explanation:

Given,

The original value, P = $ 199.95,

Down payment percentage = 25%,

Thus, the down payment amount = 25% of P

= 25% of 199.95

= 0.25 × 199.95

= $ 49.9875,

Also, the amount financed or borrowed amount = Original value - down payment

= 199.95 - 49.9875

= $ 149.9625

At the end of one year the total monthly payment = 12 × monthly payment

= 12 × 14.99

= $ 179.88

So, total finance charge = Total monthly payment - finance amount

= 179.88 - 149.9625

= $ 29.9175

Hence, APR =

= 19.9499874969 %

≈ 19.9 %

seven students earned $833 by shoveling snow. if they share the money equally, how much money will each student get

answer: each student earns $119

step-by-step explanation:

to find the answer you have to divide 833/7 which is 119