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%.
9*8*7*6*5*4 = 60480. Hope this helps !!!!!!!!!!!!!!!!!!!1
Answer:
Fraction: 1/256 or
Decimal: 0.00390625 or 0.00391
Step-by-step explanation:
4^-4=1/4^4
4^4=256
=1/256
Turn the information into coordinate points.
Point = (time, population)
Point 1 = (1985, 45000)
Point 2 = (2004 , 26000)
Find the slope between these points using the formula
( Slope)—> m = (y2 - y1) / (x2 - x1)
26000-45000/2004-1985=-19000/19= -1000
Average rate of change is decrease of 1000 sea lion per year
I hope that helped
Answer:
Step-by-step explanation:
<u>Use formula:</u>
<u>Given</u>
- P = $700
- r = 4% = 0.04
- t = 7 years
<u>Find the amount:</u>
- A = 700*e^(0.04*7) = 926.19
