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MrRa [10]
3 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]3 years ago
8 0

Answer:

3685.7%

Step-by-step explanation:

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

stepladder [879]3 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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1 Sales last year were $88,319. Percent of Increase 0.14. What<br> will it be next year?
Valentin [98]

Answer:

$100,683.66

Step-by-step explanation:

88319 = last years sales

.14 = percent increase

88319 * .14 = 12364.66

12364.66 + 88319 = 100,683.66

next years sales = $100,683.66

7 0
3 years ago
I don’t understand this, need help.
zaharov [31]

Answer:

8 units

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
Meldrick had $28 in his savings account. On Monday, he deposited his earnings from mowing lawns on the weekend. He earned the sa
IceJOKER [234]

Answer:

70 - 28 = 42

42/100 X 40 = 16.8

42 - 16.8 = 25.20

6 0
3 years ago
Can somebody help me ?
Korvikt [17]

Answer:

The percent

Step-by-step explanation:

She got a 9% grade

and there asking you

the number of points

might be wrong but :)

8 0
3 years ago
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