Answer:
APR for the loan is 405.555%
Step-by-step explanation:
Amount borrowed by Garth from Loanshark Larry’s = $600
Duration for which money is borrowed = 15 days
Internet charged by Loanshark Larry’s for 15 days = $100
so Interest charged by Loanshark Larry’s for 1 day = $100/15
APR is Annual Percentage Rate that is rate of interest per year.
1 year = 365 days (Assuming year in discussion is not leap year)
so interest charged by Loanshark Larry’s for a year is
interest charged for 365 days = Interest charged by Loanshark Larry’s for 1 day multiplied by 365
⇒ (100/15)×365 = 2433.33$
so APR (in %) = (annual interest)*100/(amount borrowed) = 2433.33$ * 100/600 = 405.555%
so APR for the loan is 405.555%
Answer:
Greg is correct.
Step-by-step explanation:
He is correct because you can put 3.3 as a fraction of 3 3/10. The decimal terminates because it does end at some point. An example of a not terminating decimal is 3.3 repeating, so 3.33333333333333333333333333 forever.
The sum of 1/9, 2/3, and 5/18 is 19/18, or 1 1/18.
Answer:
The answer is C f(x)=(x – 5(x + 1)
Step-by-step explanation: