Answer:

Step-by-step explanation:
Answer:
Step-by-step explanation:
a) you know interest is 22 and principal is 1000 and number of months is 1
b) I = rPm
r = I/Pm
c) r = 22 / 1000(1) = 0.022 /month or 2.2% per month
or 12(0.022) = 0.264 or 26.4 % per year.
d) interest is $15, loan period is 2 weeks which occurs once during the loan, interest rate is 10% per two weeks.
P = I/rm
e) P = 15 / 0.10 = $150
Notice that there are 52 weeks/yr / 2week loan period = 26 period in a year.
This means that the APR is 0.10(26) = 2.60 or 260% annual interest rate. Pretty good return on investment if you are the lender and can keep your money lent out. Not so good if you are the borrower.
Answer:
D. 4.5%.
Step-by-step explanation:
Interest earned in 6 months = 572.6 - 560 = $12.60.
As a percentage this is (12.60 * 100) / 560
= $ 2.25%.
So the annual interest is 2 * 2.25
= 4.5%.
Answer:
y=x+1
Step-by-step explanation:
Rise over run. The line starts positive one and goes up one and over one.
Hope this helps!