Answer:
15.14%
Step-by-step explanation:
The formula for APR is stated thus:
APR=fees+interest/principal/n*365*100
principal is the loan amount of $700
fees is the processing fees on the loan which is $50
interest amount=principal*interest %=$700*8%=$56
n is the number of days of the loan which is a year i.e 365 days
APR=($50+$56)/$700/365*365*100
APR=$106/$700/365*365*100
APR=0.151428571
/365*365*100
APR=0.151428571
*100=15.14%
The annual percentage rate on the loan is 15.14% which represents the actual cost on the loan not just the interest cost of 8% annually
Answer:
all triangle
Step-by-step explanation:
Answer:
B 10.211 < 10.210
Step-by-step explanation:
Evaluating each of the given statements one by one:
A 10.345 > 10.340
Decimal values at the tenth and hundredth place are the same on both sides while the thousandth part value is greater on the left side.
Hence, this statement is true
B 10.211 < 10.210
Decimal values at the tenth and hundredth place are the same on both sides while the thousandth part value is greater on the left side.
Hence , this statement is not true because 10.211>10.210
C 9.999 < 10.0
This statement is true because 9.999 is less than 10.
D 6.3 = 6.30
This statement is correct as the left hand side is the same as right hand side.
Step-by-step explanation:
Since y varies directly with x,
y = kx, where k is a real constant.
When x = 4, y = 32.
=> (32) = (4)k, k = 8.
Therefore when x = -2,
y = kx = (8)(-2) = -16.
Answer:
1 answer I don't now
Step-by-step explanation:
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