The APR for that year was 8.8%. The APR was calculated with the formula above in the question (interest+fees)/principal of the loan resulting in 8.8%. The Annual Percentage Rate is used by financial institutions to assess a debtor's ability to pay when that debtor wants to take a new mortgage loan for assessing the risk of unpaid debt.
x equals 4 and y equals 5 . so the formula would be 5x+12y=80 and if we need 4 of the small boxes we sub x for 4 and we get 5(4) =20. Next, 80 minus 20 is 60, and the equation would now be 12y=60. we now divide both sides by 12 and we get left with y=5. 5x + 12y = 80 5(4) + 12(5)=80 20+60=80. That is all. I hope that doesn't sound confusing
Answer:
<h2>In the attachment</h2>
Step-by-step explanation:
Convert to the slope-intercept form (<em>y = mx + b</em>):
y - 2 = -(x + 1) <em>use the distributive property</em>
y - 2 = -x - 1 <em>add 2 to both sides</em>
y - 2 + 2 = -x - 1 + 2
y = -x + 1
We only need two points to plot the graph of the linear function.
Select any two x values. Insert them into the equation.
Calculate the value of y.
For x = 1:
y = -1 + 1 = 0 → (1, 0)
For x = 0:
y = -0 + 1 = 1 → (0, 1)
The personal loans is not a kind of consumer credit
