<u>Answer:
</u>
A loan for $1,200 has an annual interest rate of 5.2%. There is a $15 processing fee to receive the loan. The loan’s APR is 5.2%
<u>Solution:
</u>
Since full form of APR is Annual Percentage Rate and it is defined as rate of interest for whole year which means it is same as annual interest rate. Also processing fee is totally different component.
So APR = annual interest rate ----- eqn 1
Given that a loan of $1200 has an annual interest rate of 5.2% .
So by using eqn 1 we can say APR = annual interest rate = 5.2%
Hence APR for a loan of $1200 is 5.2%
Let's say that Bob is x and James is y
x + y = 180
x = 2y
2y + y = 180
y = 60.
James spent 60 dollars.
Answer:
m = 
Step-by-step explanation:
m - 
= 1 - 
Multiply through by 6 ( the LCM of 2 and 3 ) to clear the fractions
6m - 3(m - 1) = 6 - 2(m - 2) ← distribute parenthesis on both sides
6m - 3m + 3 = 6 - 2m + 4 , that is
3m + 3 = - 2m + 10 ( add 2m to both sides )
5m + 3 = 10 ( subtract 3 from both sides )
5m = 7 ( divide both sides by 5 )
m =
I think D.
They both rested for 2 minutes, however they did not rest at the same time, but it doesn't say they did that in the option choice.
Hope this helps!
Answer:
Step-by-step explanation:
2x=5
x=2.5
