Answer:
Step-by-step explanation:
a) you know interest is 22 and principal is 1000 and number of months is 1
b) I = rPm
r = I/Pm
c) r = 22 / 1000(1) = 0.022 /month or 2.2% per month
or 12(0.022) = 0.264 or 26.4 % per year.
d) interest is $15, loan period is 2 weeks which occurs once during the loan, interest rate is 10% per two weeks.
P = I/rm
e) P = 15 / 0.10 = $150
Notice that there are 52 weeks/yr / 2week loan period = 26 period in a year.
This means that the APR is 0.10(26) = 2.60 or 260% annual interest rate. Pretty good return on investment if you are the lender and can keep your money lent out. Not so good if you are the borrower.
1) 4 times 4 = 16
2) 2 times 2 times 9 = 36
3) 4 times 2 times 9 = 72
4) x + y + z = n
(any solution that is true)
Answer:
Congress
Step-by-step explanation:
Answer:
Step-by-step explanation:
3x-4<8
3x<12
x<4
2x+2>4
2x>2
>1
28/36 will be your answer which can be simplified into 14/18 which can be simplified again to 7/9 and that's your final answer
