Multiplying 2 negatives will equal a postive.
Same order as #1 for the rest of the problems.
#1 0.95% - R I=PRT=5000×0.0095×2
2 yrs - T =$95
$5,000 - P
#2 I=PRT
=300×0.0303×7
=$63.63
#3 I=PRT
=10,000×0.0252×10
=$2520
#4 I=PRT
=1×0.0075×15
=$0.1125
#5 I=PRT
=99×0.03×99
=$294.03
The finance charge on $500 at 49.9% APR will be $20.79 for one month.
Finance charge = principal × rate
Now monthly charge= P×R×(1/12)
charge = 500 ×0.499 ÷12 = $ 20.79166.. ≈ $20.79
APR is the short hand representation of annual percentage rate which is the rate of interest issued by a bank on a credit card or a loan.
An interest rate is the amount of interest that is payable each period stated as a percentage of the total that was lent, deposited, or borrowed.
The principal amount of the loan , interest rate of the loan , frequency of compounding the interest on the rate, and duration or time of the loan, deposit amount, or borrowing determine the total amount of the interest on the sum that was lent or borrowed.
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Answer:
offer 1= you get 80k for the first offer for 10 years.
offer 2= you get 72k for the second offer for 10 years.
Result:
offer one would be better as you would get more money.
Answer:
3 hrs. Realistically tho he would get a ticket or killed from a crash.
Step-by-step explanation:
270/2 to get mph which is 135mph
405/135 which is 3
So it will take him 3 hrs.
