Answer:
6.2%
Step-by-step explanation:
Credit rating is an evaluation of the credit risk of a borrower, that how often a person is going to repay their debt, by credit rating it predicts the ability of the debtor to payback.
Mike has credit rating = 720
Tyler has credit rating = 560
Both are approved for loan. Mike's Credit score is higher, which means he is a much safer debtor as compared to Tyler. Mike will be able to pay back much easily than Tyler. Therefore Mike interest rate is 3.2%
Interest rate of Tyler is higher as he is not that trusted and has low Credit rating. Tyler is approved for a loan that charged 3 percentage points higher because of his inferior credit rating so it interest on the loan will be
Interest = 3.2%+3% = 6.2%
Answer:
1
Step-by-step explanation:
Remember that anything to the power of 0 is equal to 1
4.51^0 = 1
1 is your answer
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Answer:
$22.68
Step-by-step explanation:
Mean is a form of average, and in order to find this we add up all the numbers then divide by the amount of numbers we have.
So, we have 5 numbers here. (8, 17, 9, 3, and 13)
8 + 17 + 9 + 3 + 13 = 50
50/5 = 10
The mean of those five numbers is 10.
