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2 years ago

A payday loan company charges a $90 fee for a $500 payday loan that will be repaid in 16 days.

Mathematics

1 answer:

Korolek [52]2 years ago

5 0

Answer:

Kindly check explanation

Step-by-step explanation:

Given :

Interest amount paid on loan = $90

Principal value, amount borrowed = $500

Period, t = 16 days

The equivalent annual interest :

Using the simple interest formula :

simple interest = principal * rate * time

Using, days of year = 365

Plugging in the values into the formula :

90 = 500 * rate * (16/365)

90 = 500 * rate * 0.0438356

90 = 21.917808 * rate

Rate = 90 / 21.917808

Rate = 4.10 = 4.10 * 100% = 410%

If days of year = 360 is used :

90 = 500 * rate * (16/360)

Rate = 90 / 22.222

Rate = 4.05 = 4.105 * 100% = 405%

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babunello [35]

For this case we must solve each of the equations proposed:

A) $-6 (2s-1) = 30$

We apply distributive property to the terms within parentheses:

$-12s + 6 = 30$

Subtracting 6 from both sides of the equation we have:

$-12s = 24$

Dividing between -12 on both sides of the equation:

$s = \frac {24} {- 12}s = -2$

B) $-3m = -5 (m-8)$

We apply distributive property to the terms within parentheses:

$-3m = -5m + 40$

We add 5m on both sides of the equation:

$2m = 40$

Dividing between 2 on both sides of the equation:

$m = \frac {40} {2}\\m = 20$

C) $7 (2-g) = 49$

We apply distributive property to the terms within parentheses:

$14-7g = 49$

We subtract 14 from both sides of the equation:

$-7g = 35$

Dividing between -7 on both sides of the equation:

$g = \frac {35} {- 7}\\g = -5$

D) - $7 (3w + 4) = 14$

We apply distributive property to the terms within parentheses:

$-21w-28 = 14$

We add 28 to both sides of the equation:

$-21w = 42$

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Answer:

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2 years ago

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alukav5142 [94]

Answer:

$19.15

Step-by-step explanation:

Equation 1: 8.50+4.25+4.25= 17.00 (price of the popcorn and drinks)

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Solve: 17.00+2.15=19.15 (add the tax to how much the popcorn and drinks were)

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2 years ago

Hannah wants to rewrite 18+12 using the greatest common factor and the distributive property. Which expression should she write?

grigory [225]

Answer:

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Step-by-step explanation:

Distributive property:

ab + ac = a(b+c)

where a = greatest common factor (GCF)

GCF of each factor

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12 = 2×2×3

GCF of 18 and 12 = 2×3

= 6

Therefore,

18 + 12 = 6(3) + 6(2)

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6 = a

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