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MrRa [10]
2 years ago
7

Payday loans are very short-term loans that charge very high interest rates. You can borrow $500 today and repay $575 in two wee

ks. What is the compound annual rate implied by this 15 percent rate charged for only two weeks?
Mathematics
2 answers:
Artyom0805 [142]2 years ago
8 0

Answer:

3685.7%

Step-by-step explanation:

Please don't get mad if it's wrong.

stepladder [879]2 years ago
4 0

Answer:

Step-by-step explanation:

If you pay 75 every two weeks and continue renewing for one year you will pay 150 a month *12 months= 1800

500/1800= 27% interest.

Most states have a 30% cap.

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The answer is attached below

Step-by-step explanation:

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2 years ago
Please help me with this fast!!!
Ludmilka [50]
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11. The price of a bottle of water at a store decreases from $1.65 to $1.40. Rounded to the nearest
ELEN [110]

Answer:

A. 15.2%

Step-by-step explanation:

Subtract the new price from the old one to find the dollar amount that the water bottle price was reduced.

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3 0
2 years ago
The growth of a new strain of bacteria is represented by y=79.31(1.48)^x where x represents the number of days and y represents
Likurg_2 [28]
So we are given the equation
y = 79.31(1.48)ˣ
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y is the final number you are going to get, does not matter for now
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Put 8 into x
PEMDAS
Parentheses
Exponents
Multiplication/Division
Addition/Subtraction
1.48⁸ = 23.019
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Your answer would be A.
8 0
3 years ago
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