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3 years ago

Which statement about the annual percentage rate (APR) is true?

Mathematics

2 answers:

Bas_tet [7]3 years ago

5 0

Answer:

d. The APR helps compare loans with the same payback period, but with different monthly rates and different fees.

Step-by-step explanation:

A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.

Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.

An annual percentage rate (APR) is an amount of money paid as interest by borrowers or earned on loans by lenders such as banks, expressed as a percentage of the amount borrowed or invested over a 12-month period i.e on an annual basis.

Generally, the annual percentage rate (APR) helps compare loans with the same payback period, but with different monthly rates and different fees.

BartSMP [9]3 years ago

5 0

Answer:

A- If you have good credit, you will get a higher APR

Step-by-step explanation:

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Explain how you know which method you should use to solve a rational equation.

notsponge [240]

<u>Methods to solve rational equation:</u>

Rational equation:

A rational equation is an equation containing at least one rational expression.

Method 1:

The method for solving rational equations is to rewrite the rational expressions in terms of a common denominator. Then, since we know the numerators are equal, we can solve for the variable.

For example,

$\frac{1}{2}=\frac{x}{2}\Rightarrow x=1$

This can be used for rational equations with polynomials too.

For example,

$\frac{1+x}{x-3}=\frac{4}{x-3}\Rightarrow(1+x)=4 \Rightarrow x=3$

When the terms in a rational equation have unlike denominators, solving the equation will be as follows

$\frac{x+2}{8}=\frac{3}{4}$

$\Rightarrow\frac{x+2}{1}=\frac{3\times8}{4}\Rightarrow{x+2}=2\times3$

$\Rightarrow{x+2}=6\Rightarrow x=6-2\Rightarrow x=4$

Method 2:

Another way of solving the above equation is by finding least common denominator (LCD)

$\frac{x+2}{8}=\frac{3}{4}$

Factors of 4: $1\times2\times2$

Factors of 8: $1\times2\times2\times2$

The LCD of 4 and 8 is 8. So, we have to make the right hand side denominator as 8. This is done by the following step,

$\Rightarrow\frac{x+2}{8}=\frac{3}{4}\times{2}{2}$

we get,

$\Rightarrow\frac{x+2}{8}=\frac{6}{8}$

On cancelling 8 on both sides we get,

$\Rightarrow(x+2)=6\rightarrow x=6-2\rightarrow x=4$

Hence, these are the ways to solve a rational equation.

7 0

3 years ago

Which graph represents the solution set of this inequality?<br><br> please help!!!

miv72 [106K]

Answer:

C is the correct answer due to two-step inequality process

Step-by-step explanation:

Your inequality is: 5a + 18 < -27

First, you must remember that the < or > shall not be shaded in.

You could automatically eliminate answer A.

Now you need to do two-step inequalities which is the same thing as two-step equations but with an inequality sign.

5a + 18 < -27

5a < -27-18

5a < -45

**Now, here's something important: If you are multiplying with negatives while dealing with inequalities you must switch the sign to its opposite.

-9 > a

You need to find a number line that has numbers less than -9. It could be -10, -11, -12, -122, etc.

C is the correct answer.

3 0

1 year ago

Tom's backyard has an area of 25 square yards. What is its area in square inches? (1 yd = 36 in.)

Iteru [2.4K]

Hey there!!

The area given : 25 square yards

We will find the length of the square.

Square area = side²

side² = 25

side = √25

side = 5 yards.

Now convert this into inches

1 yard --> 36 inches

5 yards --> 180 inches

Area = 180²

Area = 32400 inches²

Hope my answer helps!!

6 0

3 years ago

It takes 212121 minutes for 555 people to paint 777 walls. How many minutes does it take 333 people to paint 555 walls?

Papessa [141]

Solution: We are given that:

5 people can paint 7 walls in 21 minutes

Therefore, 1 person can paint 7 walls in $21 \times 5=105$ minutes

Which means 1 person can paint 1 wall in $\frac{105}{7} =15$ minutes

Now, 3 people can paint 1 wall in $\frac{15}{3} =5$ minutes

Therefore, 3 people can paint 5 walls in $5 \times 5=25$ minutes

3 0

3 years ago

Which is the volume of the solid?

shepuryov [24]

Answer: the answer is A

Step-by-step explanation:

3 0

2 years ago

Read 2 more answers