3 years ago

100 POINTS PLZ ANSWER QUICKLY AND TRUTHFULLY

Mathematics

1 answer:

erik [133]3 years ago

7 0

Answer:

Step-by-step explanation:

Part IV

There are 365/5 = 53 five day periods in a year

She would pay $180(53) = $9,540 to borrow the money for a full year

APR = 100(9540 / 2400) = 397.5%

Part V

The $180 fee seems to be a better deal

At 500% interest a year would cost 2400(5) = $12000

5 days would cost 12000/53 = $226.42

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