A payday loan company charges a $90 fee for a $500 payday loan that will be repaid in 16 days.

Treating the fee as interest paid, what is the equivalent annual interest rate?

Answers

Answer 1

Answer:

Kindly check explanation

Step-by-step explanation:

Given :

Interest amount paid on loan = $90

Principal value, amount borrowed = $500

Period, t = 16 days

The equivalent annual interest :

Using the simple interest formula :

simple interest = principal * rate * time

Using, days of year = 365

Plugging in the values into the formula :

90 = 500 * rate * (16/365)

90 = 500 * rate * 0.0438356

90 = 21.917808 * rate

Rate = 90 / 21.917808

Rate = 4.10 = 4.10 * 100% = 410%

If days of year = 360 is used :

90 = 500 * rate * (16/360)

Rate = 90 / 22.222

Rate = 4.05 = 4.105 * 100% = 405%


Related Questions

Part 1: Solve for the slope of the line inside of the scatter plot

Answers

Answer:

The slope is equal to 5.

Step-by-step explanation:

Point 1 (0, 5)

Point 2 (3, 20)

m=y2-y1/x2-x1

m=5-20/0-3

m=-15/-3=

m=5

7.5 7 2/5 7.69 in order

Answers

Answer:

ok for this problem lets convert all of the number into decimals to make it easier.

7.5 is already a decimal

7 2/5 as a decimal is 7.4

7.69() is already a decimal  

ok so 7.4 is lowest

7.5 is next

7.69 is highest

Answer:

In order from least to greatest is [tex]7\frac{2}{5},7.5,7.69[/tex]

Step-by-step explanation:

In order from greatest to least is the other way around

[tex]2/5 = 0.4[/tex]

So [tex]7.4[/tex]

Hope this is helpful

What is tan 0 when csc 0= 2/3

Answers

Answer:

[tex]\tan{\theta} = \frac{\sqrt{11}}{11}[/tex]

Step-by-step explanation:

Cosecant:

The cosecant is one divided by the sine. Thus:

[tex]\csc{\theta} = \frac{1}{\sin{\theta}}[/tex]

Tangent is sine divided by cosine, so we first find the sine, then the cosine, to find the tangent.

Sine and cosine:

[tex]\sin{\theta} = \frac{1}{\csc{\theta}} = \frac{1}{2\sqrt{3}} \times \frac{\sqrt{3}}{\sqrt{3}} = \frac{\sqrt{3}}{6}[/tex]

[tex]\sin^{2}{\theta} + \cos^{2}{\theta} = 1[/tex]

[tex]\cos^{2}{\theta} = 1 - \sin^{2}{\theta}[/tex]

[tex]\cos^{2}{\theta} = 1 - (\frac{\sqrt{3}}{6})^2[/tex]

[tex]\cos^{2}{\theta} = 1 - \frac{3}{36}[/tex]

[tex]\cos^{2}{\theta} = \frac{33}{36}[/tex]

First quadrant, so the cosine is positive. Then

[tex]\cos^{2}{\theta} = \sqrt{\frac{33}{36}} = \frac{\sqrt{33}}{6}[/tex]

Tangent:

Sine divided by cosine. So

[tex]\tan{\theta} = \frac{\sin{\theta}}{\cos{\theta}} = \frac{\frac{\sqrt{3}}{6}}{\frac{\sqrt{33}}{6}} = \frac{\sqrt{3}}{\sqrt{33}} = \frac{\sqrt{3}}{\sqrt{3}\sqrt{11}} = \frac{1}{\sqrt{11}} \times \frac{\sqrt{11}}{\sqrt{11}} = \frac{\sqrt{11}}{11}[/tex]

The answer is:

[tex]\tan{\theta} = \frac{\sqrt{11}}{11}[/tex]

if a binomial trial has a success of .3, how many successes would you expect out of 500 trails

Answers

Answer:

gfs

Step-by-step explanation:

What is 15 5/7 - 6 4/5

Answers

Answer:

8.9

Step-by-step explanation:

15.71428571-6.8=8.914285714

We round of to one significant figure because its addition n the lowest is 6.8

Answer:

[tex]8\frac{32}{35}[/tex]

Step-by-step explanation:

Which is the graph of the function y = 3x?

Answers

9514 1404 393

Answer:

  see attached

Step-by-step explanation:

The graph that includes the point (1, 3) will be the one that is a graph of ...

  y = 3^x

A) Which inequality is shown on this graph


B) which graph shows the inequality



Image attached

Answers

A for both, the first options

Please mark brainliest

7/7q+21= x /5q^2-45 then x=?​

Answers

Answer:

x = 5q - 15

Step-by-step explanation:

[tex]\frac{7}{7q+21}=\frac{x}{5q^{2}-45}\\\\\frac{7}{7(q+3)}=\frac{x}{5 (q^{2} -9)}\\\\frac{1}{q+3}=\frac{x}{5*(q^{2}-3^{2})}\\\\\frac{1}{q+3}=\frac{x}{5(q+3)(q-3)}\\\\\frac{1}{q+3}*5*(q+3)(q-3)=x\\\\5(q-3)=x\\\\x= 5q-15[/tex]

Helppppppp

Which choice is equivalent to the product below

Answers

Step-by-step explanation:

jkkkkkkkkkkkkkkkkkkkkk

Answer:

[tex]2 \sqrt{35} [/tex]

What side is the shortest in the picture?

A. GF
B. DG
C. EF
D. GE
F. DE

Answers

Answer:

A. GF

Step-by-step explanation:

The shortest side in a triangle is opposite the smallest angle

<d = 180 -52 -61 =67

The smallest angle is 52 so the smallest side is DG

<f = 180 - 48-85 =50

The smallest angle is 48 so the smallest side is FG

The smallest angle is 48 so the smallest side overall is FG (GF)

Which function is graphed?

Answers

Answer:B

Step-by-step explanation:

This is the only possible answer trust me

for f(x)=4x+1 and g(x)=x^2-5, find (f-g) (x) need help guys!

Answers

Answer:

-x^2 +4x +6

Step-by-step explanation:

f(x)=4x+1

g(x)=x^2-5

(f-g)(x) = 4x+1 - (x^2-5)

Distribute the minus sign

           = 4x+1 - x^2 +5

           = -x^2 +4x +6

Which of the following statement is incorrect? .
a.Closure property is true for subtraction of Rational numbers

b.Commutative property is true for subtraction of Rational numbers

c.Closure property is true for addition of Rational numbers

d.Closure property is true for multiplication of Rational numbers​

If you answer the question I will follow you

answer fast

Answers

Answer:

b.Commutative property is true for subtraction of Rational numbers

Step-by-step explanation:

Option B is the correct answer as it is the incorrect statment in the given options.

There are approximately 1.35 billion people in China. If the world population is 7.1 billion people, what percent of the world population is in China?​

Answers

Answer:

19.01%

Step-by- step explanation:

[tex]Percentage = \frac{1.35 billion }{ 7.1 billion } \times 100[/tex]

                [tex]= \frac{ 1.35 \ times 1, 000, 000, 000} {7.1 \times 1,000,000,000} \times 100\\\\\\=\frac{1.35}{7.1} \times 100 = 19.01 \%[/tex]

I don’t really understand these

Answers

Answer:

its answer is 3rd part

ABC-FED

Hey buddy I am here to help!

angle ABC = angle FED

Hope this answer helps!

Plz mark me brainliest!

12y^2+12y-3y^3 = 124-(y+5)

Answers

Answer:

[tex]{ \tt{12 {y}^{2} + 12y - 3 {y}^{3} = 124 - (y + 5)}} \\ 3 {y}^{3} - 12 {y}^{2} - 12y = - 124 + (y + 5) \\ {3y}^{3} - 12 {y}^{2} - 12y = - 124 + y + 5 \\ { \tt{3 {y}^{3} - {12y}^{2} - 11y + 119 = 0 }}[/tex]

I need help on this question

Answers

1. a
2. c
3. b
hope this helps!

100 Brainly points!! Need help ASAP :)

In the image, two circles are centered at A. The circle containing B was dilated to produce the circle containing B’. What is the scale factor of dilation?

A. 1
B. 2
C. 0.5
D. -0.5

Answers

Answer:

B

Step-by-step explanation:

I'm not really shure tho

Answer:

D. -0.5

Step-by-step explanation:

AB dilated by scale factor -0.5 to produce AB'.

the length of AB = 4 units and the length of AB' = 2 units, the direction is backward, so the scale factor is - 2/4 = -0.5

An electrician needs 4 7/10 rolls of electrical wire to wire each room in a house. How many rooms can he wire with 9 2/5 rolls of wire?

Answers

Answer:

2 rooms

Step-by-step explanation:

Let; 4 7/10 = 47/10

9 2/5=47/5

So; if each room(1) = 47/10

47/5 should be x rooms

Equation form

47/10 = 1

47/5 = x

cross multiplying

47/10x = 47/5

L.C.M = 10

10×47/10x = 10× 47/5

47x = 47 × 2

x = 47 × 2/47

x = 2

Therefore x being 9 2/5 rolls of wire will wire 2 rooms

The equation represents the total resistance, r, when two resistors
whose resistances are r1 and r2 are connected in parallel. Find the total
resistance when r1 is x and r2 is x + 1.

Answers

Answer:

[tex]R = \frac{x(x+1)}{2x+1}[/tex] --- total resistance

Step-by-step explanation:

Given

[tex]\frac{1}{R} = \frac{1}{R_1} + \frac{1}{R_2}[/tex]

Required

Find R when

[tex]R_1 = x[/tex]

[tex]R_2 = x+1[/tex]

So, we have:

[tex]\frac{1}{R} = \frac{1}{R_1} + \frac{1}{R_2}[/tex]

Substitute values for both R's

[tex]\frac{1}{R} = \frac{1}{x} + \frac{1}{x+1}[/tex]

Take LCM

[tex]\frac{1}{R} = \frac{x+1+x}{x(x+1)}[/tex]

Collect like terms

[tex]\frac{1}{R} = \frac{x+x+1}{x(x+1)}[/tex]

[tex]\frac{1}{R} = \frac{2x+1}{x(x+1)}[/tex]

Inverse both sides

[tex]R = \frac{x(x+1)}{2x+1}[/tex]

hat is TR(N)* 2 calculated?

Answers

The answer is A I just took the test

Evaluate the given equation for the indicated function values. pls help

Answers

Answer:

The answer in each numeral is:

f(4) = 28f(10) = -19f(-5) = -33f(9) = -9

Step-by-step explanation:

To obtain the result in each case, you must replace the variable (n) by the value that appears in the second case, I'll explain it with the first exercise:

1. f(n) = 5n + 8   f(4) = ?

As you can see, in the second doesn't appear f(n), but f(4), that means you must replace the "n" in the equation by 4, if we do this, we obtain:

1. f(4) = 5*(4) + 8f(4) = 20 + 8f(4) = 28

The first answer is 28, now we'll continue with the next exercises:

2. f(n) = -2n + 1f(10) = -2*(10) + 1f(10) = -20 + 1f(10) = -19

3. f(n) = 6n - 3f(-5) = 6*(-5) - 3f(-5) = -30 - 3f(-5) = -33

4. f(n) = -nf(9) = -9

In this form, you can prove the answers are: 28, -19, -33, and -9 respectively.

4(2x + 3) ÷ 5y
The expression above provides an example of each of the following: sum, term, product, factor, quotient, and coefficient. If any are not present, write "not present."

Answers

Answer:

8xy+12y/5

Step-by-step explanation:

write the division as a fraction

4(2x+3)/5 y

Calaucte the product

4y(2x+3)/5

Distbtute 4y through the parentheis  

8xy+12y/5

which gives you 8xy+12y/5

MATH PROBLEM 20 POINTS

Answers

The correct answer is D. x=9

The angles of a square are right angles (90 degrees) so it would be set up as 90=11x-9. Then you would combine like terms and solve.

If the coordinates of a point p(m-3 , -6) = p(-7 , -6), then find the value of m .

Answers

Answer:

[tex]m =-4[/tex]

Step-by-step explanation:

Given

[tex]p(m-3 , -6) = p(-7 , -6)[/tex]

Required

Find m

[tex]p(m-3 , -6) = p(-7 , -6)[/tex]

By comparison:

[tex]m-3 = -7[/tex]

Add 3 to both sides

[tex]m = -7+3[/tex]

[tex]m =-4[/tex]

The Coffee Counter charges ​$8.00 per pound for Kenyan French Roast coffee and ​$10.00 per pound for Sumatran coffee. How much of each type should be used to make an 18 pound blend that sells for ​$9.00 per​ pound?
The Coffee Counter should mix ___ pounds of Kenyan Roast coffee and ___ pounds of Sumatran coffee to make 18 pounds of a blend that sells for ​$9.00 per pound.

Answers

Answer:

x = 9

y = 9

Step-by-step explanation:

Given :

Let :

Kenyan French roast coffee = x

Cost per x = $8

Sumatran Coffee = y

Cost per y = $10

x + y = 18 - - - - (1)

8x + 10y = 9 * 18 ;

8x + 10y = 162 - - - - (2)

From (1):

x = 18 - y

Put x = 18 - y in (2)

8(18 - y) + 10y = 162

144 - 8y + 10y = 162

2y = 162 - 144

2y = 18

y = 9

x = 18 - y

x = 18 - 9

x = 9

please help me please help me please help me please help me please help me please help me please​

Answers

Answer:

q5 is 4

q6 is 72

Step-by-step explanation:

yan na po ..sana maktulong sau

1st question- 4 digits
2nd question- 72

Is 4 over 5 equals 48 over 60 a true proportion?

Answers

Answer:

0.8 you yes both of them has the same answer , so it is a true portion

Step-by-step explanation:

Answer:

Yes.

Step-by-step explanation:

[tex]\frac{4}{5} =\frac{48}{60}[/tex]

This is a true proportion because when you cross multiply you get the same product.

[tex]48*5=240[/tex]

[tex]4*60=240[/tex]

I NEED HELP! You throw a ball from an initial height of 6 feet and with an initial velocity of 46 feet per second. Write an equation that gives the height of the ball (in feet) as a function of the time (in seconds) since it left your hand, then find the time it takes for the ball to hit the ground.

Answers

Answer:

t = 0.77930

t = 1.2832

Step-by-step explanation:

identify the 3D shape

Answers

Answer and Step-by-step explanation:

The 3D shape shown is a rectangle. This is the net-form of a rectangle.

#teamtrees #PAW (Plant And Water)

Answer:

rectangular prism

Step-by-step explanation:

a rectangle is not 3d. a rectangle is 2d. the correct answer is a rectangular prism.

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