The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.
<h3>What is the interest rate behind a pay back?</h3>
In this situation we assume that the loan does not accumulate interests continuously in time. Hence, the <em>interest</em> rate for paying the loan back 75 days later is:
575 = 525 · (1 + r/100)
50 = 525 · r /100
5000 = 525 · r
r = 9.524
The loan has an <em>interest</em> rate of 9.524 % for 75 days. <em>Simple annual interest</em> rate is determine by rule of three:
r' = 9.524 × 365/75
r' = 46.350
The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.
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uhm i think its 15 cause you just add them all i guess
15,99*5=79.95
The answer is 79,95 $
(-2,5)(9,-6)
slope(m) = (-6-5) / (9 - (-2) = -11/11 = -1
y = mx + b
slope(m) = -1
(-2,5)...x = -2 and y = 5
now we sub and solve for b, the y int
5 = -1(-2) + b
5 = 2 + b
5 - 2 = b
3 = b
so ur equation in slope intercept form is : y = -x + 3
