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Marizza181 [45]
3 years ago
7

Suppose you wish to borrow $600 for two weeks and the amount of interest you must pay is $25 per $100 borrowed. What is the APR

at which you are borrowing money
Mathematics
1 answer:
Yuliya22 [10]3 years ago
8 0

Answer:

The APR at which the money is borrowed, is approximately 651.79%

Step-by-step explanation:

The amount which one wishes to borrow for two weeks, P = $600

The amount of interest that one must pay back = $25 per $100 borrowed

Therefore;

The total interest on the $600 loan (borrowed) for two weeks = 25/100× $600 = $150

The number of days for which the amount was borrowed = 2 weeks = 14 days

The Annual Percentage Rate, APR is given as follows;

APR = \left (\dfrac{\left (\dfrac{Interest \ Paid \ for \ the  \ Loan \ duration}{The \ amount \ borrowed} \right )}{The \ number \ of \ days \ the \ amount \ was  \ borrowed } \right ) \times 365 \times 100

Therefore, we get

APR = \left (\dfrac{\left (\dfrac{150}{600} \right )}{14 } \right ) \times 365 \times 100  \approx 651.79 \%

The annual rate at which the money is borrowed, APR ≈ 651.79%.

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Step-by-step explanation:

Here's the first question and how to solve the second.

So the first business start with 250, that's your b in slope.

y = mx + b

y = mx + 250

Now, they charge 14 an hour so that's your m.

y = 14x + 250

x is the number of hours it takes.

The second business is straight up 22 per hour, so it's just y = mx, where b is 0.

y = 22x VS y = 14x + 250

Try plugging in different numbers and seeing how much it take to level out!

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4 years ago
Sanji paid 25 for two scarves which were different prices when she got home she could not find the receipt she remember that one
laila [671]
Answer:

The answer is x = 14 the more expensive scarf

Step-by-step explanation:

x + y = 25

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3 + 2y = 25

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2y = 22

y = 22/2

y = 11

x = 3 + y

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(x,y) ; (14,11)
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3 years ago
PLEASE HELP!!! WORTH 10 POINTS:)
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A. Since the rectangle can hold about three of those circles on the side, the area is 5x12=60. And since it gives you have the area of the circle, multiply by 2 so it would be 8. Therefore, 8+8+60=76, so it is 76 cm in total.
B. Since the rectangle can hold about three circles on the side the area is 6x3=18. And since it gives you the area of half the circle, multiply it by 2 so it would be 4. Therefore, 4+4+18=26 cm in total.
C. Since the rectangle can hold about three circles on the side the area is 6x6=36. And since it gives you the area of half the circle, multiply it by 2 so it would be 4. Therefore, 4+4+36=44 cm in total

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B.Since in the beginning you multiply 2 by 3. Therfore your answer which is 26 must be multiplied by 2. So the answer is 52.

C.Since in the beginning you multiply 2 by 3. Therfore your answer which is 44 must be multiplied by 2. So the answer is 88.

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Answer: y=-3/4x

Step-by-step explanation:

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