Which of the following loans will typically have the highest interest rate?
2 answers:
will typically have the highest interest rate. Option (D) is correct.
Further Explanation:
Given:
The options are as follows.
(A) Credit card
(B) Car loan
(C) Mortgage
(D) Payday loan
Explanation:
Payday loan has usually high interest rate as they are for very short term. The amount of payday loan is usually less.
The payday loans are unsecured loan.
An example of payday loan is borrowing money for short period of time.
will typically have the highest interest rate. Option (D) is correct.
Option A is not correct as the credit card loans don’t have the highest interest rate.
Option A is not correct as the car loan don’t have the highest interest rate.
Option A is not correct as the mortgage don’t have the highest interest rate.
Option D is correct as the payday loan will typically have the highest interest rate.
Learn more:
1. Learn more about inverse of the functionhttps://brainly.com/question/1632445.
2. Learn more about equation of circle brainly.com/question/1506955.
3. Learn more about range and domain of the function brainly.com/question/3412497
Answer details:
Grade: High School
Subject: Mathematics
Chapter: Credit Risk
Keywords: probably, bills, high balance, high credit, bills on time, depts., pay off depts., credit cards, debit cards, high credit score.
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The picture of the calendar is shown in the attached image.
Now, first we will get the volume of the calendar itself, we can note the calendar has the shape of a triangular prism.
Volume of triangular prism = area of base * depth
The area of base = area of triangle = 1/2 * base * depth
Therefore:
Volume of prism = 1/2 * base * height * depth
where:
base = 4 in
height is he height of the base = 6 in
depth is the depth of the calendar = 8 in
Therefore:
Volume of calendar = 1/2 * 4 * 6 * 8 = 96 in^3
Now, we are given that the volume of each candy is 2 in^3, this means that:
number of candies to fill the calendar = volume of calendar / volume of candy
= 96/2
= 48 candies
Hope this helps :)
Now, first we will get the volume of the calendar itself, we can note the calendar has the shape of a triangular prism.
Volume of triangular prism = area of base * depth
The area of base = area of triangle = 1/2 * base * depth
Therefore:
Volume of prism = 1/2 * base * height * depth
where:
base = 4 in
height is he height of the base = 6 in
depth is the depth of the calendar = 8 in
Therefore:
Volume of calendar = 1/2 * 4 * 6 * 8 = 96 in^3
Now, we are given that the volume of each candy is 2 in^3, this means that:
number of candies to fill the calendar = volume of calendar / volume of candy
= 96/2
= 48 candies
Hope this helps :)