If angle 1 and angle 5 are vertical angles and angle 1 equals 55°, then angle 5 will equal _____.
1 answer:
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APR = annual percentage rate.
Since Pete is borrowing the money for one week, the APR must be divided into a daily interest rate before we can figure out how much he'll pay for the loan.
There are 365 days in a year. Divide the APR by 365 to find the daily interest rate.
The daily interest rate of the loan will be 1.643%.
The following equation is used to find the total interest payment:
A represents the total amount paid in interest. P represents the amount borrowed for the loan. r represents the daily interest rate. t represents the amount of days the loan will last.
Plug in your values into the equation.
Rounded to the nearest hundredths value, the total interest paid will be $12.14.
Compare the total amounts paid for both loans.
$12.14 < $45
The better deal is the loan with the 600% APR.
Since Pete is borrowing the money for one week, the APR must be divided into a daily interest rate before we can figure out how much he'll pay for the loan.
There are 365 days in a year. Divide the APR by 365 to find the daily interest rate.
The daily interest rate of the loan will be 1.643%.
The following equation is used to find the total interest payment:
A represents the total amount paid in interest. P represents the amount borrowed for the loan. r represents the daily interest rate. t represents the amount of days the loan will last.
Plug in your values into the equation.
Rounded to the nearest hundredths value, the total interest paid will be $12.14.
Compare the total amounts paid for both loans.
$12.14 < $45
The better deal is the loan with the 600% APR.