<span>5c + cd
=</span><span>5(1/5) + (1/5)(15)
= 1 + 3
= 4</span>
Given:
loan amount = 300
finance charge = 20
term = 14 days.
To solve for APR.
<span>1. Divide the finance charge by the loan amount.
20/300 = 0.0667
2. Multiply the result by 365.
0.0667 x 365 = 24.35
3. Divide the result by the term of the loan.
24.35/14 = 1.74 (APR in decimal format)
<span>
4. Multiply the result by 100.
1.74 x 100 = 174% APR</span></span>
Y=4x because 20/5 equals 4
Answer:
answer is 103
Step-by-step explanation:
25+52+x=180
x=77
subtract 180 - 77 = 103
answer is 103
I LOVE UR GEORGE AND FRED WEASLEY PROFILE PIC
Answer:
T = 530N + 250
Step-by-step explanation:
For the first plan, Heather will deposit $250 and then save $135 per month.
So, that is 250 + (135 x N) where N is the number of months she saves the $135.
So if it is for 3months,
We will have:
t¹ = 135N + 250
= 250 + (135 x 3)
= 250 + 405
= $655
For the second plan, there is no initial deposit, but she will save $395 per month.
That is 395 x N
t² = 395N
For 3months, we have 395 x 3 = $1185
Therefore the total for both plans in 3months = 655 + 1185 = $1840
Equation relating T to N
T = t¹ + t²
T = (135N + 250) + 395N
T = 135N + 250 + 395N
T = 530N + 250
