Cindy has decided to lease a car. the lease includes a money factor of 0.00354. what interest rate is cindy being charged in her lease?
a. 0.85%
b. 8.5%
c. 1.475%
d. 14.75%

Hello there!

the money factor is a way to present the interest rate, you need to multiply it by 2400 (you also can convert interest rate to money factor by dividing the interest rate by 2400)

In this case, the money factor is 0.00354, then if we want to transform it into the interest rate, we need to multiply it by 2400:

a = 0.00354*2400 = 8.496

if we round it to the tenths place, you can see that the first number after the decimal point is a 4, and the next number is a 9, so we should round up the 4.

then a = 8.5

this means that the interest rate is 8.5%, and the right answer is option b.

the one that has a slope of 1/2 and is positive.

step-by-step explanation: 2 buckets 1 trip ; 4 buckets 2 trips and so on.

50x5=$250

step-by-step explanation: