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
ratelena [41]
3 years ago
7

Mackenzie took out a payday loan for $1100 that charged a $95 fee. If the loan matures in 2 weeks, what is the approximate effec

tive interest rate of the loan?
Mathematics
2 answers:
Leona [35]3 years ago
5 0

Answer:

For apex , the answer is 764%

Step-by-step explanation:


Alexeev081 [22]3 years ago
4 0

We are asked to solve for the approximate effective interest rate of the loan and the given values are:
Payday load = $1100
Charge fee = $95

Solving for interest we have:
% interest = $95/$1100
% interest = 8.64 %

The answer to the problem is 8.64%.
You might be interested in
What are different ways to write 9(46) using distributive property?
Gnom [1K]

9(46)=414

2(200+7)

6(9+60)

3 0
3 years ago
Read 2 more answers
Divide. (20x^3-35x+18)/(5x-5)
Oxana [17]
The answer would be D.
4 0
3 years ago
Two complex numbers have a sum of 14 and a product of 74. Write either of the two numbers.
IrinaVladis [17]

Answer:

Hello,

Step-by-step explanation:

The 2 numbers are roots of the equation:

U²-14U+74=0

Discriminant=14²-4*74=-100

<u>U=7-5i or U=7+5i</u>

3 0
2 years ago
Read 2 more answers
solve this word problem leading to quadratic equation: the area of a rectangle is 60cm². The length is 11cm more than the width.
morpeh [17]

Answer:

Step-by-step explanation:

let : x The length and y the width you have this system :

xy =60....(1)

x = y+10...(2)

put the value for x in (1):  (y+10)y =60

the quadratic equation is : y² +10y - 60 = 0

Δ =b² - 4ac        a = 1        b= 10      c= - 60

Δ =10² - 4(1)(-60) = 324 =18²

y 1 = (-10-18)/2 negatif...... refused

y 2 = (-10+18)/2 =4

the width is 4

8 0
3 years ago
An inlet pipe on a swimming Pool can be used to fill the pool in 36 hours. The drainpipe can be used to empty the pool in 40 hou
krok68 [10]
So 2/3 of 36 is 24. So 24 that were filled and 2/3 of 40 is 80/3 which equals 26 2/3 to drain it. And then to fill the pool would be 36 hours. What's so hard...
7 0
3 years ago
Other questions:
  • If x varies inversely with y and x = 4 when y = 9, find x when y = 6.
    7·1 answer
  • How do you write 0.0000000706 in scientific notation? ____× 10^____
    5·2 answers
  • A large cube has five layers each with five rows of small cubes how many small cubes will the larger cube contain
    5·2 answers
  • F(x)=(+1)(x-3)(x-4)
    13·1 answer
  • A wildlife refuge in South America has howler monkeys and spider monkeys. A biologist working there randomly selected eight adul
    14·1 answer
  • Can someone please help guide me
    8·1 answer
  • Without seeing a figure is it possible to give another name for
    13·1 answer
  • The speed of light is 186000 miles per second about how many miles does light travel in an hour
    5·1 answer
  • What is the angle if this figure
    14·2 answers
  • 3x+2(6x)=15<br><br> Can you please solve for x?<br><br><br> Thanks!
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!