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2 years ago

Why is APR an important tool for consumers?

1 answer:

5 0

The option B is correct. APR is important tool because It allows consumers to compare the full cost of loans from different lenders.

According to the statement

we have to explain all about the APR and tel that why it is important for the consumers.

So, For this purpose,

We know that the

The term annual percentage rate of charge, corresponding sometimes to a nominal APR and sometimes to an effective APR.

It is the interest rate for a whole year, applied on the loan etc. It is a finance charge expressed as an annual rate

APR is the important tool for the consumers because of some reasons which are written below:

APR is important because it can give you a good idea of how much you'll pay to take out a loan.

APR helps a customer determine the true cost of the loan, allowing them to compare many loans and choose the most advantageous one.

So, The option B is correct. APR is important tool because It allows consumers to compare the full cost of loans from different lenders.

Learn more about annual percentage rate here

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Customer: "I buy the same items every week and my bill is normally $90.00. Why am I now being charged $108.00 for the exact same

scZoUnD [109]

18
$108.00- 90.00= 18.00$

7 0

4 years ago

One container of Tums® costs 4.00 dollars. Each container has eighty 1.00 g tablets. Assume each Tums® is 40.0 percent CaCO₃ by

Anna007 [38]

Answer:

The total cost is 1.25 dollars.

Step-by-step explanation:

The reaction between HCl and CaCO₃ is giving by:

2HCl(aq) + CaCO₃(s) → CaCl₂(aq) + CO₂(g) + H₂O(l) (1)

0.500L M: 100.01g/mol

0.400M

According to equation (1), 2 moles of HCl react with 1 mol of CaCO₃, so to neutralize HCl, we need the next amount of CaCO₃:

$m CaCO_{3} = (\frac{1 \cdot mol HCl}{2}) \cdot M_{CaCO_{3}} = (\frac{0.500L \cdot 0.400 \frac {mol}{L}}{2}) \cdot 100.01 \frac{g}{mol} = 10.001 g$

The CaCO₃ mass of each tablet is:

$m CaCO_{3} = 1 g_{tablet} \cdot \frac{40g CaCO_{3}}{100g_{tablet}} = 0.4g$

Hence, the number of tablets that we need to neutralize the HCl is:

$number_{tablets} = ( \frac{1 tablet}{0.4 g CaCO_{3}}) \cdot 10.001g CaCO_{3} = 25$

Finally, if every 80 tablets costs 4.00 dollars, 25 tablets will cost:

$cost = (\frac {4 dollars}{80 tablets}) \cdot 25 tablets = 1.25 dollars$

<u>So, the total cost to neutralize the HCl is 1.25 dollars.</u>

I hope it helps you!

7 0

3 years ago

Find the pressure in N/m^2 exerted by a force of 42 N on an area of 7 m^2.

d1i1m1o1n [39]

Answer:

Answer:

Force = 42 N

Area = 7 m^2

Pressure = Force/Area

= 42/7

= 6 N/m^2.

Step-by-step explanation:

got it from brainly

5 0

3 years ago

Money deposited $8000 into an account 6 years ago. The account earned simple interest at a yearly rate. So far the total interes

matrenka [14]

Answer:

2.5%

Step-by-step explanation:

interest = principal * rate * time

1200 = 8000r6

1200 = 48000r

r = 0.025

Rate for account is 2.5%

4 0

4 years ago

a mechanic equally divides 4 hours of his time to repair 8 cars how many cars does she repair in one hour

pantera1 [17]

If that is all the question is asking, simply solve the problem.

Divide 8 cars by 4 hours, giving you 2 cars every hour.

5 0

4 years ago

Read 2 more answers