Whitney bought a watch for $107.50. The finance charge was $11 and she paid for it over 6 months.

Use the formula Approximate APR =(Finance Charge ÷ #Months)(12)Amount Financed to calculate her approximate APR.

Round the answer to the nearest tenth.

Her proximate APR is 5.1%

Step-by-step explanation:

The formula of the APR is × × 100%, where

∵ Whitney bought a watch for $107.5

∴ A = 107.5

∵ The finance charge was $11

∴ FC = 11

∵ She paid for it over 6 months

∴ m = 6

- Substitute these values in the formula above

∵   × × 100%

∴ APR = 5.11627907%

- Round it to the nearest tenth

∴ APR = 5.1%

Her proximate APR is 5.1%

a. the residual plot for model 1 has a random pattern and is a good fit for the data.

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98