Since Jennifer needs to settle her monthly rent and decides to obtain a payday loan, <u>she will certainly fall into a </u><u>cycle of debt</u><u> because of its recurring nature.</u>
<h3>What is a Payday Loan?</h3>
Payday Loans are short-term, low-balance cash advances usually offered to individuals with cash shortages at usury rates (high interest) because of the unsecured nature of the loans.
<h3>Data and Calculations:</h3>
Amount of Payday Loan taken = $375
Repayment amount = $500
Interest expense = $125
Rate of interest = 33.33% ($125/$375 x 100)
Thus, by opting for a payday loan to settle her monthly rent instead of increasing her earnings, Jennifer entered into a cycle of debt.
Learn more about living on payday loans here: brainly.com/question/25239160
Answer:
8x^4y^2
Step-by-step explanation:
An exterior angle is equal to the sum of the two opposite interior angles.
X = 125 + 30
X = 155
Answer:
I think that the awnser to 59 is 24x⁴-15x²+27x
She will be using 2/5 of 8.75 gallons.
" of " means multiply
2/5 * 8.75 = 17.5 / 5 = 3.5 <== she will use 3.5 gallons
