Using 125 words or more, explain in your own words why the APR does not compare loans for different lengths of time.

Mathematics

2 answers:

Leno4ka [110]3 years ago

7 0

APR=Annual Percentage Rate

Which is different if calculated for a month. That is you have to divide by 12 to calculate monthly APR.

As, APR does not compare loans for different lengths of time, because in every month or between the period or cycle for which APR is calculated, the total credit and debit in your account may Alter .

So, for different intervals or we can call duration of time for which APR is calculated your account balance may increase and decrease due to purchase or Paying loan or Depositing Checks.

Also, the reason may be that , APR differs for different amount of value of Loan or Debiting for a certain duration, as well as the period for which money is taken, the APR fluctuates.

That's why APR is not generally used to compare loans for different lengths of time.

soldier1979 [14.2K]3 years ago

5 0

Some classes of fees are not included in the calculation of APR. Because these fees are not included,as some consumer advocates claim that the APR does not represent the total cost of borrowing. Excluded fees may include: routine one-time fees which are paid to someone other than the lender and penalties such as late service without regard for the size of the penalty it will be imposed

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Can you draw an isosceles triangle with only one 80 degree angle?

aev [14]

Answer:

The triangle is 50,50 80

Step-by-step explanation:

The three angles of a triangle equal 180 degrees

We only want one 80 degree angle. That means the other two angles have to be the same, since it is an isosceles triangle. Call the other angle x

x+x+80 = 180

2x+80 =180

Subtract 80 from each side

2x+80-80=180-80

2x =100

Divide by 2

2x/2=100/2

x = 50

Each of the other angles in the triangle would have to equal 50 degrees

The triangle is 50,50 80

6 0

3 years ago

A mattress store sells only king, queen and twin-size mattresses. Sales records at the store indicate that the number of queen-s

Nitella [24]

Answer:

The probability that the next mattress sold is either king or queen-size is P=0.8.

Step-by-step explanation:

We have 3 types of matress: queen size (Q), king size (K) and twin size (T).

We will treat the probability as the proportion (or relative frequency) of sales of each type of matress.

We know that the number of queen-size mattresses sold is one-fourth the number of king and twin-size mattresses combined. This can be expressed as:

$P_Q=\dfrac{P_K+P_T}{4}\\\\\\4P_Q-P_K-P_T=0$

We also know that three times as many king-size mattresses are sold as twin-size mattresses. We can express that as:

$P_K=3P_T\\\\P_K-3P_T=0$

Finally, we know that the sum of probablities has to be 1, or 100%.

$P_Q+P_K+P_T=1$

We can solve this by sustitution:

$P_K=3P_T\\\\4P_Q=P_K+P_T=3P_T+P_T=4P_T\\\\P_Q=P_T\\\\\\P_Q+P_K+P_T=1\\\\P_T+3P_T+P_T=1\\\\5P_T=1\\\\P_T=0.2\\\\\\P_Q=P_T=0.2\\\\P_K=3P_T=3\cdot0.2=0.6$