Scott was denied the loan because he was not old enough to qualify.
<h3>What is the Payday loan?</h3>
Payday loan is a type of unsecured loan in which high rate of the interest is given to the borrower. It is a kind of the short term loan basically for the two weeks.
According to the above situation, Scott is cannot get the payback loan because he is minor to sanction a loan. He must have the age of 18 years or above.
Learn more about payday loan here:
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Answer:
job B
Explanation:
.05*50000=2500 and he gets 1000 so his total would be 3500
Answer:
The correct answer is b. chain of command
Explanation:
A chain of command is a system of sending information characteristic of organizations with strong, vertical and authoritarian hierarchical structures, such as political-party and military organizations, where orders, rewards and penalties flow from the tip of the pyramid organizational to the base, and where it is expected that only the required information, entrusted activities and tasks flow to the top of it.
It’s the second one
(Send extra money each month)
Hope this helps!
Answer:
a) 39.304%
b) 67.91%
c) 14.17%
Explanation:
a. Given"
Offer terms = 1.8/10
Now,
The Effective annual interest rate is given as:
= 
on substituting the respective values, we get
= 
= 0.39304
or
= 39.304%
similarly,
b. for 2.8/10 net 30
Effective annual interest rate = 
= 0.6791
or
= 67.91%
c. for 1.8/10 net 60
Effective annual interest rate = 
= 0.1417
or
= 14.17%
