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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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The Intelligence Quotient (IQ) test scores for adults are normally distributed with a population mean of 100 and a population st
saveliy_v [14]

Answer:

The probability is 0.6796

Step-by-step explanation:

Given

Population Mean - 100

Population Standard Deviation - 25

As we know

z = x-μ/σ, where:

z is the standard score

x is the raw score  

μ is the population mean

σ is the population standard deviation

Z value for mean of sample = 95

z1 = -100+95/25 = -5/25 = -0.2

P value for Z = -0.2 is 0.2912

Z2 = 100-105/25 = 0.2

P(z > 0.2 = 1 - P(z ≤ 0.2) = 1 - 0.0294 = 0.9706

P(-0.2 < z < 0.2) = 0.9706 - 0.2912= 0.6796

The probability is 0.6796

5 0
3 years ago
Consider the function represented by the equation y – x – 4 = 0. What is the equation written in function notation, with x as th
Yuliya22 [10]
<span>y – x – 4 = 0
   +x           +x
y - 4 = x
   +4     +4
y = x +4

answer
</span><span>a f(x) = x + 4</span>
7 0
3 years ago
Read 2 more answers
The quantity demanded x for a product is inversely proportional to the cube of the price p for
Harrizon [31]
X = k/p^3
125 = k/10^3 = k/1000
1000 x 125 = k
k = 125000

x = 125000/p^3

The profit is given by G = px - (125 + 2x) = p(125000/p^3) - 125 - 2(125000/p^3) = 125000/p^2 - 250000/p^3 - 125
For maximum profit:
dG/dp = 0
dG/dp = -250000/p^3 + 750000/p^4 = 0
750000 - 250000p = 0
p = 750000/250000 = 3

Therefore the price that will yeaild maximum profit is $3.
6 0
3 years ago
Find the length indicated. find CE
torisob [31]
Okay, to find length CE, your going to know the value of <em>x</em>. Length BC + CE = BD + DE.
3x+47+x+26=27+x+10
Simplify the equation to get
4x+73=37+x
you can choose one of four ways to continue, but I will choose to subtract x
3x+73=37
Subtract 73 from both sides of the equal sign
3x=-36
divide by 3 on both sides of the equal sign to get the value of x
x=-12

Now, plug in -12 for x in length CE to get -12+26=14
6 0
3 years ago
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