Answer:
Adam is the fastest runner
Answer:
15.14%
Step-by-step explanation:
The formula for APR is stated thus:
APR=fees+interest/principal/n*365*100
principal is the loan amount of $700
fees is the processing fees on the loan which is $50
interest amount=principal*interest %=$700*8%=$56
n is the number of days of the loan which is a year i.e 365 days
APR=($50+$56)/$700/365*365*100
APR=$106/$700/365*365*100
APR=0.151428571
/365*365*100
APR=0.151428571
*100=15.14%
The annual percentage rate on the loan is 15.14% which represents the actual cost on the loan not just the interest cost of 8% annually
Answer:
22%
Step-by-step explanation:
x/100 * 160=35
160x=3500
21.875
hence to the nearest percent: 22%
Step-by-step explanation:
Given equation
6x + y = - 1
Writing the equation in slope intercept form ;y=mx + c
Then
y = - 6x - 1
Hope it will help :)
