Bob is thinking about leasing a car. the lease comes with an interest rate of 8%. determine the money factor that will be used to calculate bob’s payment.

C is the correct answer on Edgen.

Step-by-step explanation:

a.0.00033

b.0.00192

c.0.00333

d.0.01920

Money factor is an alternative way in solving leasing problems. money factor can be converted to annual percentage rate ( APR) and vice versa.

APR = 2400 x money factor
so money factor can be solve using
money factor = APR / 2400
money factor = 8% / 2400
money factor = 0.0033333

2 1/4 cupcakes

Step-by-step explanation:

Step 1: State what is know

There are 3 people Jake, Brother 1, and Brother 2.  They all ate 3/4 of a cup cake each

Step 2: Solve

Multiple 3 by 3/4

3 x 3/4 =

2.25 =

0.25=1/4

2 1/4 cupcakes

Step 3: Therefore Statement

Therefore the 3 brothers ate 2 1/4 cupcakes