You get a 180-day $3,000 consumer loan at 9% interest You are required to pay a $100 setup fee at the time you get the loan. Bas
ed on a 365-day year, calculate the APR. Express the rate to the nearest tenth of a percent.
1 answer:
The interest on the loan is
.. I = P*r*t = 3000*.09*180/365 = 133.15
Your effective rate is
.. r = I/(Pt) = (100 +133.15)/(3000*180/365) = 15.8%
You might be interested in
Answer:
Blue
Step-by-step explanation:
Blue = 43.5/1.25
34.8 mpg
Red = 21 3/5 / 4/5 = 21.6/0.8
27 mpg
The answer is 3 bc he has three different kinds of flowers
Answer:
Step-by-step explanation:
This is the answer because it is subtracted so that you get the answer
They will be 400 miles apart in 4 hours.
Answer:
5x^2
Step-by-step explanation:
12 can be taken out from the top and bottom then for the x you subtract
