Since Jennifer needs to settle her monthly rent and decides to obtain a payday loan, <u>she will certainly fall into a </u><u>cycle of debt</u><u> because of its recurring nature.</u>
<h3>What is a Payday Loan?</h3>
Payday Loans are short-term, low-balance cash advances usually offered to individuals with cash shortages at usury rates (high interest) because of the unsecured nature of the loans.
<h3>Data and Calculations:</h3>
Amount of Payday Loan taken = $375
Repayment amount = $500
Interest expense = $125
Rate of interest = 33.33% ($125/$375 x 100)
Thus, by opting for a payday loan to settle her monthly rent instead of increasing her earnings, Jennifer entered into a cycle of debt.
Learn more about living on payday loans here: brainly.com/question/25239160
On the left side you need to distribute that 2 into (x+3). On the right side distribute 3 into (2x+1). Combine like terms and set the entire equation equal to zero, then methodically find x. leave a comment if you need more help.
Answer:
12.5
Step-by-step explanation:
4.5 - 3 = 1.5, so 11 + 1.5 = 12.5
Answer:
Teo is 11 years old and Richard is 26 years old.
Step-by-step explanation:
Let R be the age of Richard and T be the age of Teo.
<u><em>First set up the equations:</em></u>
The combined age of Teo and Richard is 37:
R+T=37
Richard is four years old than twice Teo's age:
R=2T+4
<u><em>Then, solve the equations:</em></u>
Substitute (2) to (1) and solve for T:
(2T+4)+T=37
3T=11
T=11
Solve for R using (2):
R=2(11)+4
R=22+4
R=26
Area of one wall = 14×8=112sqft
112 sqft ×4=448sqft
448>350
Need two gallons
