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:
p - 14.5 = 53
Step-by-step explanation:
The original price is p.
The discounted price is $14.50 less than p, or $14.50 subtracted from p. The discounted price is p - 14.5.
The discounted price is $53
Equation:
p - 14.5 = 53
What is the name of that type of math
3t = 5t - 8
-2t = -8
t = 4
Now put that into -4t + 5:
-4t + 5
-4(4) + 5
-16 + 5
-11
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the answer is 14 cm.i have to write more to post this answer.
