1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
spin [16.1K]
2 years ago
15

A loan for $1,200 has an annual interest rate of 5.2%. There is a $15 processing fee to receive the loan. The loan’s APR is .

Mathematics
1 answer:
Charra [1.4K]2 years ago
6 0

<u>Answer: </u>

A loan for $1,200 has an annual interest rate of 5.2%. There is a $15 processing fee to receive the loan. The loan’s APR is 5.2%

<u>Solution: </u>

Since full form of APR is Annual Percentage Rate and it is defined as rate of interest for whole year which means it is same as annual interest rate. Also processing fee is totally different component.

So APR = annual interest rate ----- eqn 1

Given that a loan of $1200 has an annual interest rate of 5.2% .

So by using eqn 1 we can say APR = annual interest rate = 5.2%

Hence APR for a loan of $1200 is 5.2%

You might be interested in
MATH<br><br> HELP<br><br> FIND THE EQUATION OF THE LINE
Dominik [7]

y=3/3x+-2

Step-by-step explanation:

it goes up 3 and over 3 so its 3/3 and it starts at -2

5 0
2 years ago
Read 2 more answers
One fourth of y is less than or equal to -12 as an inequality
taurus [48]

Answer:

1/4Y \leq -12

Step-by-step explanation:

6 0
2 years ago
Drag statements and reasons to each row to show why the slope of the line between P and Q is the same as the slope between Q and
Delvig [45]

hi i know i’m late but to help out any future people, the answer is

Row One: Statement: 3/2=slope Reason: Definition of Slope

Row 2: Statement: 3/2=6/4 Reason: Triangle A is similar to Triangle B

5 0
3 years ago
Read 2 more answers
Kendrick and Rishaun spend a total of $112 at an amusement park. They spend $32 on parking, $12 on lunch, and the rest on 2 admi
Elena-2011 [213]
Each ticket is $34 each
32+12+2x=112
44+2x=112
-44 -44
———————-
2x=68
— —
2 2
x=$34
6 0
3 years ago
4
Mazyrski [523]

Answer:

the answer is 15/4

Step-by-step explanation:

all you have to do is take the independent variable and put the sign in between.

6 0
2 years ago
Other questions:
  • How do you change a rational number to a decimal
    14·1 answer
  • Ervin sells vintage cars. Every three months, he manages to sell 13 cars. Assuming he sells cars at a constant rate, what is the
    5·1 answer
  • Malik's solution to the equation 2/5x-4y=10 when x=60 is shown below​
    5·1 answer
  • An anemometer is a device used to measure wind speed.
    11·2 answers
  • I have question in my Aleks website can you please help me with
    7·1 answer
  • What is the value of k in the product of powers below?<br> 1<br> 0<br> -1<br> -3
    13·2 answers
  • the population of a city increases by 4000 people each year.in 2025 the population is projected to be 450000 what is an equation
    15·1 answer
  • What integer represents saving $65?
    7·2 answers
  • The number of hours, t, that bacteria spread 10-fold can be modeled by the equation B(t) = B0(10)4t. There are 50 bacteria prese
    13·1 answer
  • Which unit rate is equivalent to 17 miles per gallon?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!