Answer:
12 >or equal 3.50 + 2.75 + x
X is what you have left over
x > or equal to 5.75
Step-by-step explanation:
Solve for X.
Don't let the >or equal sign intimidate you.
Treat it like and equal sign but don't replace it.
What you do on the right you must do on the left.
Since Jennifer needs to settle her monthly rent and decides to obtain a payday loan, <u>she will certainly fall into a </u><u>cycle of debt</u><u> because of its recurring nature.</u>
<h3>What is a Payday Loan?</h3>
Payday Loans are short-term, low-balance cash advances usually offered to individuals with cash shortages at usury rates (high interest) because of the unsecured nature of the loans.
<h3>Data and Calculations:</h3>
Amount of Payday Loan taken = $375
Repayment amount = $500
Interest expense = $125
Rate of interest = 33.33% ($125/$375 x 100)
Thus, by opting for a payday loan to settle her monthly rent instead of increasing her earnings, Jennifer entered into a cycle of debt.
Learn more about living on payday loans here: brainly.com/question/25239160
Answer:
Alejandro will pay $85.14
Step-by-step explanation:
79.95 x 0.065 = 5.19
79.95 + 5.19 = $85.15
