Identify the hyperbolas (represented by equations) whose centers are at (2, 1)

1 answer:

5 0

When the transverse axis is horizontal, a hyperbola centered at (h,k) has formula (x-h)^2/a^2-(y-k)^2/b^2=1. Plug in h=2, k=1, the formula is (x-2)^2/a^2-(y-1)^2/b^2=1 for some a,b. If the transverse axis is vertical, the formula is (y-h)^2/a^2-(x-k)^2/b^2=1, and (y-2)^2/a^2-(x-1)^2/b^2=1 in our case.

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The APR at which the money is borrowed, is approximately 651.79%

Step-by-step explanation:

The amount which one wishes to borrow for two weeks, P = $600

The amount of interest that one must pay back = $25 per $100 borrowed

Therefore;

The total interest on the $600 loan (borrowed) for two weeks = 25/100× $600 = $150

The number of days for which the amount was borrowed = 2 weeks = 14 days

The Annual Percentage Rate, APR is given as follows;

$APR = \left (\dfrac{\left (\dfrac{Interest \ Paid \ for \ the \ Loan \ duration}{The \ amount \ borrowed} \right )}{The \ number \ of \ days \ the \ amount \ was \ borrowed } \right ) \times 365 \times 100$