1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sloan [31]
2 years ago
11

2. Describe how Jennifer fell into a cycle of debt using payday loans.

Mathematics
1 answer:
Shtirlitz [24]2 years ago
5 0

Since Jennifer needs to settle her monthly rent and decides to obtain a payday loan, <u>she will certainly fall into a </u><u>cycle of debt</u><u> because of its recurring nature.</u>

<h3>What is a Payday Loan?</h3>

Payday Loans are short-term, low-balance cash advances usually offered to individuals with cash shortages at usury rates (high interest) because of the unsecured nature of the loans.

<h3>Data and Calculations:</h3>

Amount of Payday Loan taken = $375

Repayment amount = $500

Interest expense = $125

Rate of interest = 33.33% ($125/$375 x 100)

Thus, by opting for a payday loan to settle her monthly rent instead of increasing her earnings, Jennifer entered into a cycle of debt.

Learn more about living on payday loans here: brainly.com/question/25239160

You might be interested in
Can you help me solve this it’s pretty easy but for you guys
Andrew [12]

Answer:

x - 81 = 321

adding 81 on both sides

x-81+81= 321+81

x= 402

8 0
3 years ago
Read 2 more answers
a shoe store uses a 60% markup for all the shoes it sells what would be the selling price of a pair of shoes as a wholesale cost
Naddik [55]

Step-by-step explanation:

60+55 equal 65 that my explain

6 0
3 years ago
Can someone please help me thanks :)
Dmitrij [34]
29 degrees. You can just add 12 and 17 to find this, since the 12 is negative
7 0
3 years ago
Solve x2+6x=7 by completing the square.Which is the solution set of the equation?
NARA [144]

Answer:

x = - 7, x = 1

Step-by-step explanation:

Given

x² + 6x = 7

To complete the square

add ( half the coefficient of the x- term )² to both sides

x² + 2(3)x + 9 = 7 + 9

(x + 3)² = 16 ( take the square root of both sides )

x + 3 = ± \sqrt{16} = ± 4 ( subtract 3 from both sides )

x = - 3 ± 4

x = - 3 - 4 = - 7

x = - 3 + 4 = 1

Solution set = { - 7, 1 }

4 0
3 years ago
(29 PTS) Explain how the Quotient of Powers Property was used to simplify this expression. 3^4/9 = 3^2
Virty [35]

Step-by-step explanation:

d is the correct ans

see,

As the bases are equal we can cut the bas,

6 0
4 years ago
Read 2 more answers
Other questions:
  • April built a model of the F-16 Fighting Falcon that is proportional to the actual F-16 Fighting Falcon. The actual F-16 has a l
    6·2 answers
  • Kay Sadia sold merchandise for $15,200 subject to a 7% sales tax. The entry in the sales journal will include a credit to Sales
    9·2 answers
  • 2
    7·1 answer
  • How do you convert 56 kilometers to inches
    14·2 answers
  • If 6t-3=-177 what is the value of the variable
    13·2 answers
  • Camilla, Lincoln and Ella sat a French test. The test was marked out of 200 Camilla got 4/5 of the 200 marks. Lincoln got 44% of
    11·1 answer
  • Help me out with this please​
    6·2 answers
  • Please answer this simple math question(CLICK TO SEE PICTURE) ITS MULTIPLE CHOICE. Answers are not exact! (it's not the one I ch
    10·1 answer
  • A 32x + 1 Square units
    7·2 answers
  • At a carnival, the probability that you chose a winning rubber duck from 25 ducks is 0.20.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!