Answer:
Interest rate, R = 244%
Step-by-step explanation:
Given the following data;
Principal = $270
Simple interest = future amount - principal = 309.60 - 270 = $39.60
Time = 22/360 = 0.06 years
To find the interest rate?
Mathematically, simple interest is calculated using this formula;
Where;
Substituting into the equation, we have;
Cross-multiplying, we have;
<em>Interest rate, R = 244.44 ≈ 244%</em>
<em>Therefore, the pawnbroker charged Elisa a simple interest rate of 244%.</em>
Answer:
x+2
Step-by-step explanation:
i put mi x as one so
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Answer:
The answer is
<h2>
</h2>
Step-by-step explanation:
<h3>
</h3>
To solve the fraction reduce the fraction with d
That's we have
<h2>
</h2>
Next simplify the expression using the rules of indices to simplify the letters in the fraction
<u>For c </u>
Since they are dividing we subtract the exponents
We have
<h2>
</h2>
<u>For </u><u>e</u>
<h2>
</h2>
Substituting them into the expression we have
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</h2>
Reduce the fraction by 3
We have the final answer as
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</h2>
Hope this helps you
Well, one advantage simply is that its a loan. If its a loan, you can pay little by little until its paid off. Not sure if this helps, but I hope it does.
