Answer:
15.14%
Step-by-step explanation:
The formula for APR is stated thus:
APR=fees+interest/principal/n*365*100
principal is the loan amount of $700
fees is the processing fees on the loan which is $50
interest amount=principal*interest %=$700*8%=$56
n is the number of days of the loan which is a year i.e 365 days
APR=($50+$56)/$700/365*365*100
APR=$106/$700/365*365*100
APR=0.151428571
/365*365*100
APR=0.151428571
*100=15.14%
The annual percentage rate on the loan is 15.14% which represents the actual cost on the loan not just the interest cost of 8% annually
Answer:
a muffin costs 2.20 and a quart of milk costs 90 cents.
Answer:
1. 10 : 24 = 5 : 12 = 20 : 48 = 40 : 96
2. 2 : 3 : 5 = 4 : 6 : 10 = 8 : 12 : 20
I think it would be 2x2uehhehehehegdgwgegege
Answer:
5/6 is your answer
Step-by-step explanation:
no. of favourable observation/ total no of observation
