Answer:
15.14%
Step-by-step explanation:
The formula for APR is stated thus:
APR=fees+interest/principal/n*365*100
principal is the loan amount of $700
fees is the processing fees on the loan which is $50
interest amount=principal*interest %=$700*8%=$56
n is the number of days of the loan which is a year i.e 365 days
APR=($50+$56)/$700/365*365*100
APR=$106/$700/365*365*100
APR=0.151428571
/365*365*100
APR=0.151428571
*100=15.14%
The annual percentage rate on the loan is 15.14% which represents the actual cost on the loan not just the interest cost of 8% annually
Answer: I think it’s 4
Step-by-step explanation:
Because by using a scale factor of 4 and 5 to simplify is 2
I think the answer is 400 square centimetres
Answer:
P = 46.6 feet
Step-by-step explanation:
P = 2L + 2W, where P is perimeter, L is length, and W is width.
2 x Length (L) = 2 x 15.5 feet = 31 feet;
2 x Width (W) = 2 x 7.8 feet = 15.6 feet.
Add both length and width together:
2L + 2W = 30.1 + 15.6 = 46.6 feet.
The perimeter (P) = 46.6 feet.
Answer:1.1
Step-by-step explanation:
