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The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.
<h3>What is the interest rate behind a pay back?</h3>
In this situation we assume that the loan does not accumulate interests continuously in time. Hence, the <em>interest</em> rate for paying the loan back 75 days later is:
575 = 525 · (1 + r/100)
50 = 525 · r /100
5000 = 525 · r
r = 9.524
The loan has an <em>interest</em> rate of 9.524 % for 75 days. <em>Simple annual interest</em> rate is determine by rule of three:
r' = 9.524 × 365/75
r' = 46.350
The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.
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Answer:
w= -3.75
Step-by-step explanation:
-5(4w+12) =15
-20w -60=15
-20w=75
w=-3.75
Answer:
x = 7
y = 4
Step-by-step explanation:
y + 12 = 3x - 5
5y - 4 = 3x - 5
So y + 12 = 5y - x
To solve the equation above, y =4
Sub y = 4,
x = 7
