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galina1969 [7]
3 years ago
13

Mike has a credit rating of 720. Tyler has a credit rating of 560. Mike and Tyler apply for identical loans from Park Bank. Mike

is approved for a loan at 3.2% interest, and Tyler is approved for a loan that charged 3 percentage points higher because of his inferior credit rating. What interest rate is Tyler charged?
Mathematics
2 answers:
PilotLPTM [1.2K]3 years ago
6 0

Answer: 45

Step-by-step explanation:

Eva8 [605]3 years ago
4 0

Answer:

6.2%

Step-by-step explanation:

Credit rating is an evaluation of the credit risk of a borrower, that how often a person is going to repay their debt, by credit rating it predicts the ability of the debtor to payback.

Mike has credit rating = 720

Tyler has credit rating = 560

Both are approved for loan. Mike's Credit score is higher, which means he is a much safer debtor as compared to Tyler. Mike will be able to pay back much easily than Tyler. Therefore Mike interest rate is 3.2%

Interest rate of Tyler is higher as he is not that trusted and has low Credit rating. Tyler is approved for a loan that charged 3 percentage points higher because of his inferior credit rating so it interest on the loan will be

Interest = 3.2%+3% = 6.2%

   

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Alecsey [184]

Answer:

"differential selection"

Step-by-step explanation:

If your friend took the test twice and passed both times with a score above 90% then the minor difference in price is most likely due to "differential selection". The first test had  questions that he had a little more experience in solving, while the second time he was most likely given a couple questions that he wasn't as prepared for as he was the first time. This is most likely the cause for the difference in percentiles.

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3 years ago
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Neporo4naja [7]

Answer:

x=6

Step-by-step explanation:

I would look at this triangle and notice that x can be solved by setting up a ratio.

I generally put the short side of the triangle on the top and the long side on the bottom

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You then cross multiply to get 36=x^2, or +-6=x

A length of a triangle cannot be negative, so we are left with the answer x=6

8 0
3 years ago
the same type of television is being sold at two different stores. store A is selling the television for $800, which is $120 mor
svlad2 [7]

Answer: the selling price of the television at store B is $1360

Step-by-step explanation:

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5 0
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podryga [215]

Answer:

C: Divide both sides by 3

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Step-by-step explanation:

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I need help with this
MrRissso [65]

Answer:

Step-by-step explanation:

1/2

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