Answer:
b. total fees divided by loan amount
Step-by-step explanation:
The interest rate on a payday loan is usually calculated by dividing the total fees accrued in the loan repayment calculation by the exact loan amount.
Doing this will result in determining the interest rate used in a loan and it’s usually important to ensure accountability and also making sure the exact rate contained in the Loan application agreement Is the same as what is used later on.
Using Pythagoras:
12^2+5^2= 144+25=169
√169= 13
Step-by-step explanation:
Look at the picture below
Answer:
400 miles
Step-by-step explanation:
Distance = rate * time
Distance = 50 miles per hour * 8 hours
Distance = 400 miles
Equation would be 420 - 5m - 25w so the answer would be B. 4 months
