Answer:
The APR of the loan was 18.30%.
Step-by-step explanation:
Given that a student has a total of $ 3000 in student loans that will be paid with a 48-month installment loan with monthly payments of $ 73.94, to determine the APR of the loan to the nearest one-half of a percent the following calculation must be done:
3,000 = 100
(73.94 x 48) = X
3,000 = 100
3,549.12 = X
3,549.12 x 100 / 3,000 = X
354,912 / 3000 = X
118.30 = X
118.30 - 100 = 18.30
Therefore, the APR of the loan was 18.30%.
I think that is 248 min in one day because 24/5 is 4.8. 4hours and 8 min. 4 times 60 is 240. 240 plus 8 is 248 this is what I think.
Answer:A=8-1/57=455/57=7.98
Step-by-step explanation:
