Answer:
15.14%
Step-by-step explanation:
The formula for APR is stated thus:
APR=fees+interest/principal/n*365*100
principal is the loan amount of $700
fees is the processing fees on the loan which is $50
interest amount=principal*interest %=$700*8%=$56
n is the number of days of the loan which is a year i.e 365 days
APR=($50+$56)/$700/365*365*100
APR=$106/$700/365*365*100
APR=0.151428571
/365*365*100
APR=0.151428571
*100=15.14%
The annual percentage rate on the loan is 15.14% which represents the actual cost on the loan not just the interest cost of 8% annually
Answer:
260 - 55(3)
55(3)
260 - 165
= 95
Step-by-step explanation:
Answer: 2/3-6=9 is equal to = − 2(2x+6)
Answer:
that would take 12 hours to burnt the 6inch candle
Answer:
Real distance = 84 meter
Step-by-step explanation:
Given:
Map distance = 6 inches
Map scale 1/4 inch = 3.5 m
Computation:
0.25 inches = 3.5 m
Computation:
Real distance = 6/0.25[3.5]
Real distance = 24[3.5]
Real distance = 84 meter
