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Ulleksa [173]
3 years ago
9

Terrence gets a loan with a $50 processing fee. The loan is for $700 with an interest rate of 8% for one

Mathematics
1 answer:
agasfer [191]3 years ago
4 0

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

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3 years ago
The function f(x) = 50 Times 0.8^x Models the number of ants in Jonathan's ant farm after it is stricken by a deadly any plague,
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A, D, H

Step-by-step explanation:

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4 0
3 years ago
Theresa Morgan a chemist has a 10% hydrochloric acid solution and a 65% hydrochloric acid solution. How many liters of each shou
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<u>ANSWER: </u>

170 liters of 10% hydrochloric acid must be mixed with 1700 liters of 65% hydrochloric acid solution to obtain 1870 liters of 60% solution.

<u>SOLUTION: </u>

First, set up a table. Fill in the unknowns with variables x and y. The table is attached below

From this, we can easily set up the two equations.  

Sum of values of two acids = Value of mixture  

0.1x + 0.65y = 1122  

For convenience, we'll multiply the entire equation by 100,

10x + 65y = 112200   ------ (1)  

Now, Sum of amounts of each acid = Amount of mixture  

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multiply (2) with 10 for easy calculation and derive the equation into one variable.

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Subtracting equation (2) from (1),  

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y = 1700

Substituting y = 1700 in (2),

x + 1700 = 1870  

x  = 1870 - 1700  

x  = 170  

So, we have x = 170 and y = 1700

We can conclude that 170 liters of 10% hydrochloric acid must be mixed with 1700 liters of 65% hydrochloric acid solution  to obtain 1870 liters of 60% solution.

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3 years ago
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i would say b but not sure

Step-by-step explanation:

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