What is the APR of a payday loan for $1100 due in 5 days that charges a $165 fee?

2 answers:

7 0

$165 divided by 1,100= .15
Times that by 365 for each day of the year
Which will equal 54.75 divided that by 5 for the amount of days that the loan was for which equals 10.95, then times that by 100 which equals 1,095

Rom4ik [11]3 years ago

3 0

Answer:

the right APEX answer is 1095%

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Refer to the accompanying technology display. The probabilities in the display were obtained using the values of n equals n=5 an

zubka84 [21]

Answer:

Yes, it is reasonable to expect that more than one subject will experience headaches

Explanation:

Notice that where it says "assume that 55 subjects are randomly selected ..." there is a typo. The correct statement is "assume that 5 subjects are randomly selected ..."

You are given the table with the probability distribution, assuming, correctly, the binomial distribution with n = 5 and p = 0.732.

p = 0.732 is the probability of success (an individual experiences headaches).
n = 5 is the number of trials (number of subjects in the sample).

The meaning of the table of the distribution probability is:

The probability that 0 subjects experience headaches is 0.0014; the probability that 1 subject experience headaches is 0.0189, and so on.

To answer whether it is reasonable to expect that more than one subject will experience headaches, you must find the probability that:

X = 2 or X = 3 or X = 4 or X = 5

That is:

P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5).

That is also the complement of P(X = 0) or P(X = 1)

1 - P(X = 0) - P(X = 1)

From the table:

P(X = 0) = 0.0014
P(X = 1) = 0.0189

Hence:

1 - P(X = 0) - P(X = 1) = 1 - 0.0014 - 0.0189 = 0.9797

That is very close to 1; thus, it is highly likely that more than 1 subject will experience headaches.

In conclusion, yes, it is reasonable to expect that more than one subject will experience headaches

6 0

3 years ago

Charlie is trying to cover the shape shown with paper. He will NOT be covering the top and the bottom. How much paper will he ne

DENIUS [597]

You need to determine how much paper you need to cover the lateral side of the cylinder shown in the picture. For this, you have to calculate the surface area of the cylinder, which you can do using the following formula:

$A=2\pi rh$

Where

A is the area

π is the number pi, for the calculations we usually use up to the first two decimal values of this number, 3.14

r is the radius

h is the height of the cylinder

The given cylinder has a height of h=15m and a diameter of d=6m

To calculate the lateral area you need to use the radius. The diameter is twice the radius, so to determine the radius of the cylinder you have to divide the diameter by 2