Leigh took out a payday loan for $400 due in 2 weeks that charged a $50 fee. What is the periodic interest rate of the loan?
2 answers:
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Answer:
Option b
or
Step-by-step explanation:
The absolute value is a function that transforms any value x into a positive number.
Therefore, for the function x> 0 for all real numbers.
Then the equation:
has two cases
if
(i)
if
(ii)
We solve the case (i)
We solve the case (ii)
Then the solution is:
or