3 years ago

rosalinda got a payday loan for 2000 due in 2 weeks and she paid a 150 fee. what is the apr on rosalindas loan

1 answer:

4 0

Kind of a trick question because if all she pays is $2,150 which is the $2,000 plus the $150 fee then technically an APR didn't apply. By hiding the APR in a fee they get unsuspecting customer's to sign up for these. From an APR perspective based on one Bi-weekly payment, it would take an APR of 555.5715% to generate a $150.00 in interest in 2 weeks.

You might be interested in

I need help because I'm solving these questions by the manual, and yet it still says that I am wrong after multiple attempts.

Alexxandr [17]

Answer:

1. QR = HI

2. angle W and angle T

3. WB = UV

Step-by-step explanation:

It could me fill in the part of the proof, since I notice on all of them they only mark one or two of the congruencies on the shapes. I'm not really sure of 3's answer.

Hope this helped somewhat and good luck

6 0

2 years ago

The table represents some points on the graph of a linear function. What function represents the same relationship?

Aleksandr [31]

Answer:

it is a

Step-by-step explanation:

i dont know how to explain it i just did the math and it came out to that

3 0

3 years ago

Read 2 more answers

Concrete can be purchased by the cubic yard. How much will it cost to pour a slab 18 feet by 18 feet by 6 inches for a patio if

lesya692 [45]

18 feet = 18/3 yard = 6 yard
6 inches = 1/2 feet = 1/6 yard

Volumen = (6yar)(6yard)(1/6yard) = 6 cubic yard

Cost = 6 cubic yard * $42.00 / cubic yard = $ 252.00

Answer: the first option, 252.00

7 0

3 years ago

Read 2 more answers

Which expressions are equal to

Allushta [10]

Answer:

I think the first one and the last one

Step-by-step explanation:

ik im wrong

3 0

3 years ago

Read 2 more answers