1) A bicycle is purchased for $800 and financed for 12 months. If the total finance charge is $54.88,find the annual percentage rate. LOADING... Click the icon to view the table of interest per $100 of amount financed.

Interest per $100 of Amount Earned APR (Annual Percentage Rate) for Selected Rates Number of Monthly Payments 12% 12.25% 12.5% 12.75% 16% 16.25% 16.5% 16.75% 20% 20.25% 20.5% 20.75% 1 1.00 1.02 1.04 1.06 1.33 1.35 1.37 1.40 1.67 1.69 1.71 1.73 2 1.50 1.53 1.57 1.60 2.00 2.04 2.07 2.10 2.51 2.54 2.57 2.60 3 2.01 2.05 2.09 2.13 2.68 2.72 2.76 2.80 3.35 3.39 3.44 3.48 4 2.51 2.57 2.62 2.67 3.36 3.41 3.46 3.51 4.20 4.25 4.31 4.36 5 3.02 3.08 3.15 3.21 4.04 4.10 4.16 4.23 5.06 5.12 5.18 5.25 6 3.53 3.60 3.68 3.75 4.72 4.79 4.87 4.94 5.91 5.99 6.06 6.14 7 4.04 4.12 4.21 4.29 5.40 5.49 5.58 5.66 6.78 6.86 6.95 7.04 8 4.55 4.65 4.74 4.84 6.09 6.19 6.29 6.38 7.64 7.74 7.84 7.94 9 5.07 5.17 5.28 5.39 6.78 6.89 7.00 7.11 8.52 8.63 8.73 8.84 10 5.58 5.70 5.82 5.94 7.48 7.60 7.72 7.84 9.39 9.51 9.63 9.75 11 6.10 6.23 6.36 6.49 8.18 8.31 8.44 8.57 10.28 10.41 10.54 10.67 12 6.62 6.76 6.90 7.04 8.88 9.02 9.16 9.30 11.16 11.31 11.45 11.59 13 7.14 7.29 7.44 7.59 9.58 9.73 9.89 10.04 12.05 12.21 12.36 12.52 14 7.66 7.82 7.99 8.15 10.29 10.45 10.67 10.78 12.95 13.11 13.28 13.45 15 8.19 8.36 8.53 8.71 11.00 11.17 11.35 11.53 13.85 14.03 14.21 14.39 16 8.71 8.90 9.08 9.27 11.71 11.90 12.09 12.28 14.75 14.94 15.13 15.33 17 9.24 9.44 9.63 9.83 12.42 12.62 12.83 13.03 15.66 15.86 16.07 16.27 18 9.77 9.98 10.19 10.40 13.14 13.35 13.57 13.78 16.57 16.79 17.01 17.22 19 10.30 10.52 10.74 10.96 13.86 14.09 14.31 14.54 17.49 17.72 17.95 18.18 20 10.83 11.06 11.30 11.53 14.59 14.82 15.06 15.30 18.41 18.66 18.90 19.14 21 11.36 11.61 11.85 12.10 15.31 15.56 15.81 16.06 19.34 19.60 19.85 20.11 22 11.90 12.16 12.41 12.67 16.04 16.30 16.57 16.83 20.27 20.54 20.81 21.08 23 12.44 12.71 12.97 13.24 16.78 17.05 17.32 17.60 21.21 21.49 21.77 22.05 24 12.98 13.26 13.54 13.82 17.51 17.80 18.09 18.37 22.15 22.44 22.74 23.03 25 13.52 13.81 14.10 14.40 18.25 18.55 18.85 19.15 23.10 23.40 23.71 24.02

2) A pipe fell off a moving truck into the path of the car behind it. The driver and passenger each required $30,000 for medical care and damage to the car was $11,000. The truck driver had 25/50/10 vehicle insurance. Find the amount that the insurance company must pay and the amount that the insured must pay.