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
A store offers a loan for $900to buy a computer. The terms of the loan are for 9% simple intrest and equal monthly payments for
AleksAgata [21]

Answer:

$29.

Check picture down below for more.


7 0
3 years ago
Randy spins a spinner with sections labeled A, B, C, D, E, F, G, and H.
Aneli [31]
8? one for each section
6 0
3 years ago
There are 9 boys and 5 girls in a class. What is the ratio of boys to all students in the class?
Lerok [7]

Answer:

The ratio is 9:14

7 0
3 years ago
Explain the difference between the radius and diameter of a circle.
Akimi4 [234]
The radius of a circle half of the circle. it is measured by the middle of the circle to the circle. the diameter is the entire width of a circle. so say the diameter of a circle is 12, that means the radius of that circle is 6 since that is half 12. say the radius is 5, the diameter would be 10 since 5 x 2 is 10!!
i hope this helps you!
6 0
3 years ago
Write 1.25 in expanded form
Tasya [4]
(1x1) (2/10) (5/100)
7 0
3 years ago
Read 2 more answers
Other questions:
  • How do I solve this:<br><br>180-(2x-40)<br><br>its a geometry problem.
    12·1 answer
  • Solve for x:
    7·1 answer
  • Help me please,Thanks;)
    15·1 answer
  • A school sold tickets to a musical. The school received $6.50 per ticket sold.
    15·2 answers
  • .¿Cuál de las siguientes alternativas no corresponde a una transformación isométrica? A)Traslación B) Simetría C) Rotación D) Is
    7·1 answer
  • Cory earns $20 per day plus $6 for every
    12·1 answer
  • HELP ME :( WILL GIVE BRAINLIEST ANSWER
    14·2 answers
  • Help now now the other 2 are Wednesday and Thursday
    11·1 answer
  • Mr. Thompson plans to invest $7,500 in a savings account that earns 2.75% simple annual interest. If he makes no other deposits
    11·1 answer
  • Asha and Samuel have bookshelves of the same size partly filled with books. Asha’s shelf is 512 the full and Samuel’s shelf is 1
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!