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
motikmotik
2 years ago
12

PLEASE HELP!! I need this completed ASAP but I don't understand any of it!! It's due very soon!

Mathematics
1 answer:
lidiya [134]2 years ago
6 0

Answer:

Step-by-step explanation:

a) you know interest is 22 and principal is 1000 and number of months is 1

b) I = rPm

   r = I/Pm

c) r = 22 / 1000(1) = 0.022 /month or 2.2% per month

or 12(0.022) = 0.264 or 26.4 % per year.

d) interest is $15, loan period is 2 weeks which occurs once during the loan, interest rate is 10% per two weeks.

P = I/rm

e) P = 15 / 0.10 = $150

Notice that there are 52 weeks/yr / 2week loan period = 26 period in a year.

This means that the APR is 0.10(26) = 2.60 or 260% annual interest rate. Pretty good return on investment if you are the lender and can keep your money lent out. Not so good if you are the borrower.

You might be interested in
I accidentally posted a question that I knew the answer to so this is my question!!!
Kitty [74]

Engla ongla le para de santo

6 0
3 years ago
Read 2 more answers
Can anyone solve this triangle?
kirill [66]

Answer:

Step-by-step explanation:

a^2+6^2 = 23^2

a^2 = 23^2 - 6^2

a^2 = 529 - 36

a^2 = 493

a = √493

a = 22,20

7 0
3 years ago
A tour bus travels 2,160 miles in 36 hours. What is the average distance the bus travels in one hour?
Yuki888 [10]
60 miles because 2160 divided by 36 = 60
6 0
3 years ago
Read 2 more answers
Whats the answer pls can any body say.....​
Natalija [7]
I think your equation is on the paper; it’s 2016 A.D + 544 then you’ll get your answer and which is 2560.
5 0
2 years ago
What are the units of the area of the figure?
Marianna [84]

Answer:

the answer is square millimeters

8 0
2 years ago
Other questions:
  • Which expression has an estimated product of 45?
    11·2 answers
  • Do 5/7 and 30/42 form a proportion
    12·1 answer
  • Can someone help please and thank you
    6·1 answer
  • Which graph represents the hyperbola x^2/3^2 - y^2/8^2
    14·1 answer
  • What is the measure of EBC?
    6·1 answer
  • The degree of the term 2x^3 is<br> A. 2<br> B. x<br> C. 3<br> D. 2x
    13·2 answers
  • Express the inequality using interval notation.−4≤x≤0
    15·1 answer
  • How many edges are there?<br> A. not enough information<br> B. 15<br> C. 7<br> D. 10
    6·1 answer
  • For each geometric sequence, write a recursive rupe by finding the common ratio by calculating the ratio of consecutive terms. W
    11·1 answer
  • To graduate you must take at least 12 core credits and 6 electives credits and you can take no more than a total of 26 credits.
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!