I have no clue Someone Please Help!!!!!
1 answer:
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Answer:
The APR at which the money is borrowed, is approximately 651.79%
Step-by-step explanation:
The amount which one wishes to borrow for two weeks, P = $600
The amount of interest that one must pay back = $25 per $100 borrowed
Therefore;
The total interest on the $600 loan (borrowed) for two weeks = 25/100× $600 = $150
The number of days for which the amount was borrowed = 2 weeks = 14 days
The Annual Percentage Rate, APR is given as follows;
Therefore, we get
The annual rate at which the money is borrowed, APR ≈ 651.79%.
Answer:
, D
Step-by-step explanation:
3 if x is greater than or equal to 1 is nothing. That leaves us with if x<1. If you substitute in 1 for x, you get 3, but of course that isn't possible, so the range is
, which is D.