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Gnesinka [82]
3 years ago
9

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.
Mathematics
1 answer:
Naya [18.7K]3 years ago
6 0
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%
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Number 19

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144÷6
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8 0
3 years ago
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5 0
3 years ago
One student can paint a wall in 16 minutes. Another student can paint the same wall in 24 minutes. Working together, about how l
Mazyrski [523]
Let's look at work rates per minute.

Together they can paint the wall in x minutes.
Working together, in 1 minute, they do 1/x of the job.

The student who paints the wall in 16 minutes does 1/16 of the job in 1 minute.
The student who paints the wall in 24 minutes does 1/24 of the job in 1 minute.
Together, they do 1/16 + 1/24 of the job in 1 minute, but from above, we see that together, they do 1/x of the job in 1 minute, so 1/16 + 1/24 must equal 1/x. That gives us our equation.

1/16 + 1/24 = 1/x

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5 0
3 years ago
Please answer see the image
mash [69]

Answer:

<h2>67.7</h2><h2 />

Step-by-step explanation:

perimeter = semicircle (x2) + parallelogram side (x2)

                = 1/2 π 12 (x2) + 15 (x2)

               = 37.7 + 30

               = 67.7

8 0
3 years ago
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