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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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Solve the system of equations.
Orlov [11]

Answer:

x=-1, y = 2, z = 1

Step-by-step explanation:

We are given with three equations and we are asked to find the solution to them.

2x + 2y + 3z = 5  ------------- (A)

6x + 3y + 6z = 6  --------------(B)

3x + 4y + 4z = 9 ---------------(C)

Step 1 .

multiplying equation (A) by 3 and subtracting B from the result

6x + 6y + 9z = 15

6x + 3y + 6z = 6

-     -       -       = -

_______________

3y+3z=9

y+z=3

y=3-z  ----------------- (C)

Step 2.

Substituting this value of y in equation B and C

6x + 3(3-z) + 6z = 6  

6x+9-3z+6z=6

6x+3z=-3

2x+z=-1 ----------------(D)

3x + 4(3-z) + 4z = 9

3x+12-4z+4z=9

3x=-3  

x=-1 ------------ (E)

Putting this value f x in (D)

2(-1)+z=-1

-2+z=-1

z=1

Now we put this value of z in equation (C)

y=3-z

y=3-1

y=2

Hence we have

x=-1, y=2 and z=1

6 0
3 years ago
Joseph accepted a new job at a company with a contract guaranteeing annual raises. Joseph will get a raise of $5000 every year a
daser333 [38]

Answer:

70000 + 5000nn = n

Step-by-step explanation:

70000 + 5000nn = n

8 0
3 years ago
Bonnie is by training for a half-marathon She already runs 8 miles per day. She wants to increase this by 2 miles a day for the
kherson [118]

Answer:

full chart below

Step-by-step explanation:

1x = 8 mi

2x = 10 mi

3x = 12 mi

4x = 14mi

5x = 16mi

5 0
2 years ago
Please help. Also show how you got it thanks!
Blababa [14]
There are 12 inches in a foot so we can work this problem out in inches 3/5 is 80%......80% of 12 inches is 9.6 inches ....1/4 is 3 inches and 2/3 is 8 inches so we have 9.6,3,and8 now we multiply 9.6*3*8 for the answer to be 230.4 inches squared
8 0
2 years ago
Simplify using distributive property -4(3)+(-4)(6)​
klasskru [66]
-4(3)=-12
-4(6)=-24
-12+(-24)=-36
3 0
3 years ago
Read 2 more answers
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