4 years ago

A loan company charges $30 interest <br />for a one month loan of $500. Find the annual interest they are charging

Mathematics

1 answer:

xz_007 [3.2K]4 years ago

4 0

Answer:

$360

Step-by-step explanation:

If the company charges $30 for $500 in one month.

The interest they will be changing for a year = 30*12 = $360 interest.

It's just simple, multipling the the interest value by 12 to get it's annual interest value.

You might be interested in

Solving the right triangle ‼️ (Round to the nearest tenth) can someone help me find A,a, and b❓

Nataliya [291]

A is 40 degrees imma edit this or do it in comments the other ones

3 0

4 years ago

Read 2 more answers

Max is thinking of a number, which he calls n. He adds 8 an then doubles the sum

LenKa [72]

decimal:

3.2

fraction:

3.2/1

4 0

3 years ago

Read 2 more answers

PLS HELP ME ASAP I DONT HAVE TIME IT ALSO DETECTS IF ITS RIGHT OR WRONG

VLD [36.1K]

Answer:

yes its linear

Step-by-step explanation:

4 0

3 years ago

⎧−8x+4y=24−7x+7y=28

sertanlavr [38]

Answer:

x= 103 /15 y + −28 /15

Step-by-step explanation:

5 0

3 years ago

Elliot has been running a lawn care business since 2000. He cuts grass, trims, and weed whacks yards for his customers throughou

pashok25 [27]

A.) Rate of change = (1350 - 750) / (2010 - 2000) = 600/10 = $60
The initial value is the amount he charged in his first year of business which is $750.

B.) Required equation is given by y - 750 = 60x
y = 60x + 750 where x represent the number of years after 2000.

8 0

3 years ago

A loan company charges $30 interest <br />for a one month loan of $500. Find the annual interest they are charging ​

A loan company charges $30 interest <br />for a one month loan of $500. Find the annual interest they are charging