1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Schach [20]
3 years ago
11

Jim Tree borrowed $1,000 at 10 percent for one year. He paid a $45 processing fee and $100 in interest. Thus, the finance charge

is $145, the interest plus the application fee. What is the APR for this loan?
APR (to the nearest tenth) =
Mathematics
1 answer:
andrezito [222]3 years ago
8 0
Amount borrowed = $1,000
Total amount paid = Amount borrowed + Finance charge = $1000+145 = $1,145

APR = Finance charge/Amount borrowed = 145/1000 = 0.145 = 14.5%
You might be interested in
Really easy....plz help if u can..will mark
goldenfox [79]

Answer:

The distributive property.

Step-by-step explanation:

The distributive property is when you distribute a number to different numbers in a parentheses. For example...

2*x would be 2x, and 2*4 would be 8.

4 0
3 years ago
Express .05 as a fraction in similest form
Alja [10]

0.05 = 5% = 5/100

Simplify 5/100 and you get 1/20.


Hope this helps & good luck. :)

5 0
3 years ago
Read 2 more answers
I need help with homework!<br> Please help
Elenna [48]

Answer:

E. >

F. =

G. <

H. >

I. <

J. <

Hope this helped ;^)

7 0
3 years ago
What is a definition of a Line ?
solmaris [256]

Answer:

<u><em>noun</em></u>

1. a length of cord, rope, wire, or other material serving a particular purpose.

2. a long, narrow mark or band.

<u><em>verb</em></u>

1. stand or be positioned at intervals along.

2. mark or cover with lines.

4 0
3 years ago
Which number is divisible by both 2 and 4?<br> A. 1,022<br> B. 1,974<br> C. 2,836<br> D. 2,918
Kobotan [32]
The correct answer is C. 2,836

when 2836 is divided by 2 it equals 1418. when it is divided by 4 it equals 709. 709 is a whole number, therefore it is correct, and can be divided by both 2 and 4.
3 0
3 years ago
Read 2 more answers
Other questions:
  • What's -3 1/8 divided by -1 2/3?
    12·2 answers
  • You purchased a stock for $150 per share. The value of the stock has increased by 25% per year. Which function represents the va
    13·1 answer
  • PLEASE PLEASE HELP!!!!
    6·2 answers
  • According to Cavalieri’s Principle, if a cone and a pyramid have the same height, which of the following answer choices is true?
    11·1 answer
  • Mary is thinking of three consecutive even integers, x, y, and z. Three times the value of z exceeds half the value of x by 37.
    8·1 answer
  • Find the circumference of the following
    12·1 answer
  • Help with this I don't know how to solve please please please!!
    12·1 answer
  • Cada material en sus distintos estados de agregacion, cambia de volumen de forma diferente, sin embargo todos lo hacen en cierta
    9·1 answer
  • Pwease help me with math question pwease
    13·1 answer
  • If 343* = 494-x, what is the value of x?<br><br> 5/8<br> 8/5<br> 2<br> 8
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!