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
luda_lava [24]
3 years ago
9

It took her 9 more months but Marina has managed to save the full $725 plus more to cover fees to pay off the pay-day loan compa

ny. However, she forgot to account for the interest that had been compounding over time. Consider it is now 275 days later, the remaining loan was $725 and the APR is 47% compounded daily.
What is the total amount that Marina must now pay in order to pay off her the loan, accounting for interest?

What is the total amount of interest paid (not including fees)?
Computers and Technology
1 answer:
Marianna [84]3 years ago
6 0

Answer:

she loaned 750 dollars.

it took her 9 months to repay it.

it was 275 days since she took out the loan.

the interest rate was 47% per year compounded daily.

the daily interest rate would be 47% / 365 / 100 = .0012876712 per day.

this assumes 365 days in a year, which is the standard assumption that i know of.

the future value of 750 for 275 days would be based on the formula of f = p * (1 + r) ^ n

f is the future value

p is the present value

r is the interest rate per time period (days in this case)

 

n is the number of time periods (days in this case).

the formula becomes:

f = 750 * (1 + .0012876712) ^ 275

solve for f to get:

f = 1068.440089.

that's the future value of the loan.

it's what she owes.

the interest rate on the loan is that value minus 750 = 318.440089.

that's how much extra she needs to pay in addition to whatever fees she was charged.

You might be interested in
.............................................is the vertical distance between successive lines of the text​
vladimir1956 [14]

Answer:

Line spacing is the vertical distance between successive lines of the text​.

Explanation:

Hope this helps you. :)

8 0
3 years ago
If you can photoshop please text me i need help for my digital media class 7862381441
yKpoI14uk [10]

Answer:

I don't know what that is but what type of work you need help with

have a good day :)

Explanation:

5 0
3 years ago
Sarah has to add a picture from her computer file and add a caption to it. Arrange the steps in a correct sequence.
MatroZZZ [7]

Answer:

-Click insert

-Click picture

-Click from file

-Right click the picture

-Select the desired picture and again click Insert

-Click insert caption

-Write the caption and add it

Explanation:

6 0
3 years ago
Write a program that asks the user to enter a student's name and 8 numeric tests scores (out of 100 for each test). The name wil
sergeinik [125]

Answer:

// program in Python

# function to find grade

def grade(t_score):

   #grade A

   if t_score >=90:

       return 'A'

       #grade B

   elif t_score >=80 and t_score <90:

       return 'B'

   #grade C

   elif t_score >=70 and t_score <80:

       return 'C'

   #grade D

   elif t_score >=60 and t_score <70:

       return 'D'

   #grade F

   else:

       return 'F'

# function to find average score

def calc_average(test_score):

   #variable to find sum

   total = 0

   for i in range(len(test_score)):

       #calculate total score

       total = total + test_score[i]

   # find average

   return total/float(len(test_score))

#array to store score

test_score = []

#read name of student

name = input("Enter student's name: ")

for i in range(8):

   #read score

   t_score = int(input("Enter the score {}: ".format(i+1)))

   #add score to array

   test_score.append(t_score)

#call function to find Average

averageScore = calc_average(test_score)

#print name of Student

print("Student Name: ", name)

#print each Score

for i in range(len(test_score)):

   #print each Score and Grade

   print("Score: ",test_score[i], "Letter Grade: ",grade(test_score[i]))

# print Average Score

print("Average Score: ", averageScore)

Explanation:

Read name of student from user.Then read 8 test scores from user. Call the function grade() to find the grade of a test score.Call the function calc_average() to  find the average score of all test.Print each score and corresponding grade and print  average score.

Output:

Enter student's name: Sam                                                                                                  

Enter the score 1: 45                                                                                                      

Enter the score 2: 98                                                                                                      

Enter the score 3: 67                                                                                                      

Enter the score 4: 86                                                                                                      

Enter the score 5: 60                                                                                                      

Enter the score 6: 77                                                                                                      

Enter the score 7: 92                                                                                                      

Enter the score 8: 32                                                                                                      

Student Name:  Sam                                                                                                        

Score:  45 Letter Grade:  F                                                                                                

Score:  98 Letter Grade:  A                                                                                                

Score:  67 Letter Grade:  D                                                                                                

Score:  86 Letter Grade:  B                                                                                                

Score:  60 Letter Grade:  D                                                                                                

Score:  77 Letter Grade:  C                                                                                                

Score:  92 Letter Grade:  A                                                                                                

Score:  32 Letter Grade:  F                                                                                                

Average Score:  69.625  

3 0
3 years ago
Where is clipboards?
gavmur [86]
Clipboards are memory spaces specially made for copy and paste purposes. Sadly clipboards spaces can't be manipulated and can't be located. But there are applications that could fill in these clipboard problems such as Clipper Plus.
8 0
3 years ago
Other questions:
  • Individually or in a group find as many different examples as you can of physical controls and displays.a. List themb. Try to gr
    15·1 answer
  • What are advanced topics in programming
    15·1 answer
  • Jose would like to know about his uncle's death. He feels his dad is avoiding the subject for some reason. Identify what Jose co
    5·1 answer
  • Which game console was the first to use the blue ray side as a distribution medium ???
    15·2 answers
  • A report that ends with the author providing his or her plan for next steps is considered a
    5·1 answer
  • A _____ is a basic element that refers to the continuous movement of a point along a surface, such as by a pencil or brush a typ
    9·1 answer
  • Exposure value bracketing
    6·1 answer
  • How do mass and social media differ
    8·1 answer
  • Davids family took him to a hospital as he was suffering from a sericous ailment
    8·1 answer
  • What is the encoding technique called that is used to store negative numbers in the computer's memory
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!