1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andriy [413]
3 years ago
12

Kimberly took out a payday loan for $1500 due in 4 weeks that charged a $135 fee. What is the periodic interest rate of the loan

?
9%
468%
36%
117%
Mathematics
2 answers:
jasenka [17]3 years ago
8 0

Answer:

The periodic interest rate of the loan is 9 %.

Step-by-step explanation:

Given,  

The amount of loan = $ 1500,

Interest per period = $ 135,

Hence, the periodic interest rate of the loan

=\frac{\text{Interest per period}}{\text{The amount of loan}}\times 100

=\frac{135}{1500}\times 100

=\frac{13500}{1500}

=9\%

First option is correct.

Sloan [31]3 years ago
7 0
The correct answer is 9% -- APEX                        
You might be interested in
Find the distance between the two points in simplest radical form.<br> (1,8)(6,-4)
dezoksy [38]
Distance in simplest radical form is 13

Or root 169
8 0
3 years ago
Segment A’B’ is the result of translating AB by 1 unit to the right and 3 units up
natka813 [3]
In my opinion for me it looks like it could be A or B but if I am wrong then I try :(
5 0
3 years ago
Are the following polygons similar? If so what is the scale factor?
MrMuchimi

Answer: Yes, the scale factor is 10 :)

Step-by-step explanation:

8 0
2 years ago
How do you work this problem
ankoles [38]
 An easy way is to do it, if you get confused by multiplying fractions, is by turning the fractions into decimals. Since you are trying to find N you want to multiply the 1/5 by the 1/3.

1/5 = 0.2

1/3 = 0.33333333333333333333333333333333

 if you multiply those you get 0.06666666666666666666666666666667 which when put into a fraction it equals 1/15



but if you don't want to do that just try to remember that you want to get by itself. and when multiplying fractions in this situation the bottom numbers only matter.. so 5 x 3 = 15  1/15

would you like me to put it in a document to show you?
7 0
3 years ago
Four friends were born in consecutive years. The sum of their ages is 62. What is the age of the oldest friend?
marin [14]
The ages range from 62, 63, 64, 65 oldest friend age is 65 
7 0
3 years ago
Other questions:
  • Help me Select the correct answer from each drop-down menu.
    8·1 answer
  • Can you help me please
    10·1 answer
  • A. 5<br><br><br><br>b. 19<br><br><br><br>c. -11<br><br><br><br>d. 25
    8·1 answer
  • 0.9 as a percentage
    13·1 answer
  • Half if a dozen eggs is 6 eggs.How is 1/2 expressed as a decimal?
    13·1 answer
  • You roll a 6-sided die twice. what is the probability of getting a 1 on the first roll or a 6 on the second roll?
    11·2 answers
  • Plz help due tomorrow
    12·2 answers
  • Questions 1-4
    14·1 answer
  • What angle is this?
    15·1 answer
  • Noah took out a loan for $1,540 for a dirtbike. How much interest will he pay after 2 years at a rate of 8.25%?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!