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Ostrovityanka [42]
3 years ago
11

How is the interest rate on a payday loan calculated?

Mathematics
2 answers:
postnew [5]3 years ago
4 0

Answer:

b. total fees divided by loan amount

Step-by-step explanation:

The interest rate on a payday loan is usually calculated by dividing the total fees accrued in the loan repayment calculation by the exact loan amount.

Doing this will result in determining the interest rate used in a loan and it’s usually important to ensure accountability and also making sure the exact rate contained in the Loan application agreement Is the same as what is used later on.

snow_lady [41]3 years ago
3 0

Answer:

b. total fees divided by loan amount

Step-by-step explanation:

The interest rate on a payday loan is usually calculated by dividing the total fees accrued in the loan repayment calculation by the exact loan amount.

Doing this will result in determining the interest rate used in a loan and it’s usually important to ensure accountability and also making sure the exact rate contained in the Loan application agreement Is the same as what is used later on.

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shutvik [7]

Answer:

d = (8/2)t + 1 is this an option?

Step-by-step explanation:

5 0
3 years ago
Put the following in order from the smallest to the largest 0.2 1/2 2%
aliya0001 [1]

Answer:

2%, 0.2, 1/2

Step-by-step explanation:

0.2 = 0.20 = 20%

1/2 = 0.50 = 50%

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3 0
3 years ago
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A trampolinist steps off from 15 feet above ground to a trampoline 13 feet below. The function h (t) = -16 t 2 + 15, where t rep
kondor19780726 [428]

Answer:

Trampolinist will land on the trampoline after 0.9 seconds.

Step-by-step explanation:

The function h(t) = -16t² + 15 represents the relation between height 'h' above the ground and the time 't' of the trampolinist.

We have to find the time when trampolinist lands on the ground.

That means we have to find the value of 't' when h(t) = 15 - 13 = 2

[Since trampoline is 2 feet above the ground]

When we plug in the value h(t) = 2

2 = -16t² + 15

2 + 16t² = -16t² + 16t² + 15

16t² + 2 = 15

16t² + 2 - 2 = 15 - 2

16t² = 13

\frac{16t^{2}}{16}=\frac{13}{16}

t^{2}=\frac{13}{16}

t = \sqrt{\frac{13}{16}}

t ≈ 0.9 seconds

Therefore, trampolinist will land on the trampoline at 0.9 seconds.

5 0
3 years ago
1/2÷2/5=what's the answer?
Digiron [165]
1.25 is the answer....
3 0
3 years ago
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What is the measure of x, in degrees
Stells [14]

Answer: B is correct, 40 degrees.

Step-by-step explanation:

70 is the given angle, z is equivalent to that angle, so z is 70. So add those together, and you have 140. According to the rule, a triangle will always add up to 180. So 180-140=40 and there's your answer. Hope this helps!

4 0
3 years ago
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