The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.
<h3>What is the interest rate behind a pay back?</h3>
In this situation we assume that the loan does not accumulate interests continuously in time. Hence, the <em>interest</em> rate for paying the loan back 75 days later is:
575 = 525 · (1 + r/100)
50 = 525 · r /100
5000 = 525 · r
r = 9.524
The loan has an <em>interest</em> rate of 9.524 % for 75 days. <em>Simple annual interest</em> rate is determine by rule of three:
r' = 9.524 × 365/75
r' = 46.350
The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.
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Answer:
Yes, you are correct.
Step-by-step explanation:
18.5 would be the answer and here’s my work
The answer is 9, you have to add them together which equals 9.
Answer:
a) x = -1 and y = -10
Step-by-step explanation:
The first part says find the value of y when the value of x is -3. Then the second part of the question is to find the value of x when the value of y is 2.
so lets solve part a)
So answer to part a is x = -1 and y = -10
similarly try the other parts.
