Question

Mark Scott bought a digital camera through the store installment plan. The camera sells for $499.99. Determine the amount he financed if he made a 20 percent down payment.

Answer 1

Answer: A.

The article published in the journal is more credible because it is a newer issue.

Mark is writing a paper about digital cameras. He thinks that in the future most people will use only the cameras in their phones.He asks his friend’s older brother, Sam. Sam knows a lot about digital cameras. Sam gives him plenty of information about cameras. Sam agrees with Mark when he says that in the future most photos will be taken with camera phones. He also gives Mark a book containing advertisements of cameras from the years 2000 to 2010.

Later, Mark visits the local library. He looks up the latest issues of magazines on cameras and photography. Mark goes through many magazines. Finally, he finds an article in a photography journal that is well-known, and was published by a famous camera company. The article was written in 2015 by a popular photographer.

Which of these sources would give the best information?

A.

The article published in the journal is more credible because it is a newer issue.

B.

The information supplied by Sam is credible because he knows a lot about cameras.

C.

The magazines are more credible because they are the latest issues.

D.

The book with advertisements is more credible because it has more information.

Explanation:

Answer 2

lending agency may calculate interest in one of two ways: (1) or (2) . Here is an ... Percent amount financed down payment installment loan. Installment Loans ... the store's credit plan, she made a $50.00 down payment.