Answer:
The APR of the loan was 18.30%.
Step-by-step explanation:
Given that a student has a total of $ 3000 in student loans that will be paid with a 48-month installment loan with monthly payments of $ 73.94, to determine the APR of the loan to the nearest one-half of a percent the following calculation must be done:
3,000 = 100
(73.94 x 48) = X
3,000 = 100
3,549.12 = X
3,549.12 x 100 / 3,000 = X
354,912 / 3000 = X
118.30 = X
118.30 - 100 = 18.30
Therefore, the APR of the loan was 18.30%.
Based on the lengths of the given triangles and the length of segment BD, the length of segment AD is 22.20.
<h3>What is the length of segment AD?</h3>
The triangle ABC is a right angled triangle with segment AB being the hypothenuse.
We can therefore find this length using the Pythagoras Rule:
Hypothenuse ² = a² + b²
Hypothenuse ² = 28.6² + 23.2²
Hypothenuse ² = 1,356.20
Hypothenuse = √1,356.20
= 36.83
Length of AD:
= AB - BD
= 36.83 - 14.60
= 22.2
Find out more on the Pythagorean theorem at brainly.com/question/343682.
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Answer:
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Step-by-step explanation:
If you are using a calculator, simply enter 16÷72×100 which will give you 22.22 as the answer.
