Rosalinda's annual percentage rate (APR) on the loan is <u>195%</u>.
<h3>What is the annual percentage rate?</h3>
The annual percentage rate represents the finance fee and interest paid for borrowing.
The annual percentage rate (APR) for a period of 1 year an be computed by the following simple interest formula:
(Interest + Fee ÷ Principal) ÷ Period
We can multiply the result above by 100 to express it as a percentage.
Assuming that the periodic interest rate is known, we multiply the number of periods in the year to compute the annual percentage rate.
Principal = $2,000
Fee on the loan = $150
Period of loan = 2 weeks
52 weeks = 1 year
Annual percentage rate = 195% ($150/$2,000 x 100 x 52/2)
<u>Check</u>:
APR in dollars = $150 ($2,000 x 195% x 2/52)
Thus, for borrowing $2,000 in two weeks and paying $150 as fee, Rosalinda's loan attracts 195% APR.
Learn more about the annual percentage rate at brainly.com/question/24715857
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Answer:
Falsifiability
Explanation:
Based on the information provided within the question it can be said that the principle that is involved here is Falsifiability. This term refers to the assertion that for a hypothesis to have credibility, it has to be inherently disprovable before being accepted as a scientific hypothesis or theory. Otherwise it will not be.
Answer:
private universities can cost three times as much to attend as public universities.
Explanation:
Private universities are more expensive to attend compared to public universities. As per the graph, the public university is cost 7,000 while private university costs 23,000 to attend. It is then correct to say that private universities cost more than three times as public universities ( 23,000/7,000= 3.29).
Community college costs 9000, while technical schools cost 4000; the cost is not five times more.
Technical schools 4,000 and community colleges are 9000; the costs are only two and a half more.
I think its 32 because if you add and divide
