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

Area of a trapezoid
Find the area of this trapezoid. Be sure to include the correct unit in your answer.
6 cm
0
10 cm
8 cm
12 cm

Answers

Answer:

h

Step-by-step explanation:

h

If angles of measures (x - 2) and (2x + 5) are a pair of supplementary angles, find the measures of those angles

Answers

Answer:

Solution: Since (x - 2)° and (2x + 5)° represent a pair of supplementary angles, then their sum must be equal to 180°. Therefore, the two supplementary angles are 57° and 123

Y=4x pls help pls help

Answers

(1,4),(3,12),(5,20) since (x,y)

Answer:

(1,4) , (3,12) , (5,20)

Step-by-step explanation:

You should put the first number in X and find the second number from equation.


The perimeter of a triangle is 57 inches. Twice the length of the longest side minus the length of the shortest side is 22 inches. The sum of the length of the longest side and twice the sum of both the other side lengths is 94 inches. Find the side lengths

Answers

[tex]\begin{cases} a = shortest\\ b = medium\\ c = longest \end{cases} \begin{array}{llll} \stackrel{\textit{perimeter is 57}~\hfill }{a + b + c = 57}~\\\\\stackrel{\textit{twice longest minus shortest}}{2c-a=22~\hfill }\\\\ \stackrel{\textit{longest plus twice others}}{c + 2(a+b) = 94~\hfill } \end{array} \\\\[-0.35em] ~\dotfill\\\\ 2c-a=22\implies 2c=a+22\implies \boxed{2c-22=a} \\\\\\ \stackrel{\textit{we know that}}{c+2(a+b)=94}\implies c+2a+2b=94\implies c+2(2c-22)+b=94[/tex]

[tex]c+4c-44+2b=94\implies 5c-44+2b=94\implies 5c+2b=138 \\\\\\ 2b=138-5c\implies \boxed{b = \cfrac{138-5c}{2}} \\\\\\ \stackrel{\textit{we know the perimeter is}}{57=a + b + c}\implies 57 = \stackrel{a}{(2c-22)}+\stackrel{b}{\cfrac{138-5c}{2}}+c \\\\\\ 57=2c-22+\cfrac{138}{2}-\cfrac{5c}{2}+c\implies 57=3c-22+69-\cfrac{5c}{2} \\\\\\ 57=3c-47+\cfrac{5c}{2}\implies 10=3c-\cfrac{5c}{2}\implies \stackrel{\textit{multiplying both sides by }\stackrel{LCD}{2}}{20=6c-5c}[/tex]

[tex]\blacktriangleright 20=c \blacktriangleleft \\\\\\ \boxed{2c-22=a}\implies 40-22=a\implies \blacktriangleright 18=a \blacktriangleleft \\\\\\ \boxed{b = \cfrac{138-5c}{2}}\implies b=\cfrac{138-5(20)}{2}\implies b=\cfrac{38}{2}\implies \blacktriangleright 19 \blacktriangleleft[/tex]

en un bolillero hay 10 bolitas iguales numeradas del 0 al 9 ¿cual es el espacio muestral?​

Answers

I don’t know this language

Alex drives at an average speed that is
1
5
of the average speed that Roy's train travels.
Alex takes 15 minutes to travel 12 km in her car.
Roy travels for 1 hour and 20 minutes on his train.
How far does Roy travel to 2 dp?





plz i need asap

Answers

Answer:

ayy sensya na po Yan din po hanap Kong answer

mnv
[tex]2 \times \frac{7}{?} = 4[/tex]

Answers

Answer:

? = 7/2

Step-by-step explanation:

? = x

a denominator can’t be equal to 0

x ≠ 0

14/x = 4

14 = 4x

x = 7/2

Please help ,cant figure it out. ​

Answers

Answer:

B. √2^5

Step-by-step explanation:

(2^½. 2^¾)²

= 2¹ . 2^(1½)

= 2^(2½)

= 2^(5/2)

=√2^5

Write a system of equations to describe the situation below, solve using substitution, and fill in the
blanks.
Peter is going to send some flowers to his wife. Cedarburg Florist charges $3 per rose, plus $21 for
the vase. Sally's Flowers, in contrast, charges $2 per rose and $26 for the vase. If Peter orders the
bouquet with a certain number of roses, the cost will be the same with either flower shop. How
many roses would there be? What would the total cost be?
If the bouquet contains
roses, it will cost $
My

Answers

Answer:

R=5

Step-by-step explanation:

3r+21

2r+26

3r+21=2r+26

r=5

the single discount of two successive discounts 10% and 5% is​

Answers

Answer:

14.5%

Step-by-step explanation:

Use the number 100 as an example to find the single discount.

Take a 10% discount off of this:

100(0.9)

= 90

Take a 5% discount:

90(0.95)

= 85.5

So, after the successive discounts, $14.5 was discounted.

This means that the single discount is 14.5%.

So, the answer is 14.5%

As part of a board game, players choose 5 unique symbols from 9 different symbols to create their secret password. How many different ways can the players create a specific 5 symbol password?

Give your answer in simplest form.

Answers

Answer:

[tex]15,120[/tex]

Step-by-step explanation:

For the first symbol, there are 9 options to choose from. Then 8, then 7, and so on. Since each player chooses 5 symbols, they will have a total of [tex]9\cdot 8 \cdot 7 \cdot 6\cdot 5=\boxed{15,120}[/tex] permutations possible. Since the order of which they choose them matters (as a different order would be a completely different password), it's unnecessary to divide by the number of ways you can rearrange 5 distinct symbols. Therefore, the desired answer is 15,120.

Answer:15,120

Step-by-step explanation:

I need to find the equal expression to -m(2m+2n)+3mn+2m². Help please?

Answers

[tex]m(2m+2n)+3mn+2m^2\implies \stackrel{\textit{distributing}}{2m^2+2mn}+3mn+2m^2 \\\\\\ 2m^2+2m^2+2mn+3mn\implies \stackrel{\textit{adding like-terms}}{4m^2+5mn}[/tex]

A person invests $3,500 in an account that earns 7.5% interest compounded continuously. What is the value of the investment after 4 years?

Answers

I think it's: 4,674.14$

Answer:

A = $4724.36

Step-by-step explanation:

P = $3500

r = 7.5% = 0.075

t = 4years

n = 365

     [tex]A = P(1 + \frac{r}{n})^{nt}\\\\[/tex]

        [tex]=3500(1 + \frac{0.075}{365})^{365 \times 4}\\\\=3500(1.00020547945)^{365\times4}\\\\= 3500 \times 1.34981720868\\\\= 4724.36023037\\\\= \$ 4724.36[/tex]

1 +3 = ????????????????

Answers

One and three are both numbers. We can add the, together and get another number. The fact that these two numbers should be added is shown by the symbol between them. Adding 1 to 3 equals to 4.

Which graph shows the line y = 2x + 3?
C
НА
A
D
B
A. Graph A
Ο Ο
B. Graph D
C. Graph B
D. Graph C

Answers

the answer is letter B.graph D

Solve the inequality -6c< -12

Answers

Answer: c<2

Step-by-step explanation:

-6c<-12

c<-12/-6

c<2

what would it look like?

Answers

x^2 + y^2 = 12.25

The above equation is the equation for a circle. The formula for the equation of a circle is (x - h)^2 + (y - k)^2 = r^2.

Looking at the given equation, x and y, otherwise known as the center, are not shifted at all. This mean that the center of our circle is at (0,0).

To find the radius, we take the square root of 12.25, which is 3.5. Therefore, go 3.5 units up, down, left, and right (to make a + sort of shape) from the center and then connect the points to make the circle.

Hope this helps!! :)

Answer:

Step-by-step explanation:

The graph of x^2 + y^2 = 12.25 will be a circle with centre at (0, 0) and radius will be √12.25 = 3.5.

2x + y = 1  is a straight line

y = -2x + 1 so it will pass through the y axis at y = 1 and also through the point

(-1/2, 0).

Where the line passes through the circle will be the solutions to the system.

7x_=8x7 Nonsense report

Answers

Answer:

hope it help ful ✓ ......

What are the four answers?

Answers

Answer:

CLAE

Step-by-step explanation:

1=43

2=28

3=24

4=83

What is the value of log Subscript 5 Baseline 125?

Answers

Answer:

[tex]log_5 \ 125 = 3[/tex]

Step-by-step explanation:

[tex]log_5 \ 125 = log_2 \ 5^3 = 3 \times log_5 \ 5 = 3 \times 1 = 3[/tex]

The value of [tex]$\log _{5} 125$[/tex] can be estimated utilizing the logarithm rule. The value of [tex]$\log _{5} 125$[/tex] exists 3.

What is a logarithm?

The logarithm stands for the inverse function of exponentiation. In logarithm base must be raised to yield a given number for an exponent.

Given:

[tex]$\log _{5} 125$[/tex]

Estimate the value of the given logarithm, we get

[tex]$\log _{5} 125=\log _{5}(5)^{3}$[/tex]

[tex]$\log _{5} 125=3 \log _{5} 5$[/tex]

From logarithm rule [tex]$\log m^{n}=n \log m$[/tex], we get

[tex]$\log _{5} 125=3 \times 1$[/tex]

[tex]$\log _{5} 125=3$[/tex]

Therefore, the value of [tex]$\log _{5} 125$[/tex] is 3.

To learn more about logarithm

https://brainly.com/question/26240264

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6. There were 900 sweets in 3 boxes, A, B and C. 18 sweets were transferred from A to B and 5
sweets were transferred from B to c. of the sweets in C were then transferred to A. There were
then an equal number of sweets in all 3 boxes. How many sweets were there in each box at first?
28

Answers

Answer: a=168, b=287, c=445

Step-by-step explanation:

Using the graph of f(x) and g(x), where g(x) = f(k⋅x), determine the value of k.

1. 4
2. 1/4
3. -1/4
4. −4
Please help!!

Answers

Answer:

1. 4

Step-by-step explanation:

the slope of:

f(x) = 10/2=5

g(x) = 10/½=20

so, g(x) = f(4.x)

=> k = 4

Y=x^3/2(x^2+1) I need the steps.

Answers

Answer:

0

Step-by-step explanation:

If you are looking for the x- intercept image is below

if you are looking for the y- intercept its the same as the x. Image is below

Pls help its due at 11:10

Answers

Answer:

firstly

we all know that the angles of a triangle they all add up to 180° meaning when you add them all they must give you 180°

88°+33°+L = 180° ( sum of angle in a ∆)

121° + L = 180°

L = 180° - 121°

L = 59°

Step-by-step explanation:

first you you must add all your angles and all equal to 180°

that you add the like terms

than you transpose 121° to the right hand side

What is 7 and 1/3 times 2 and 2/11 equal?

Answers

Answer:

16

Step-by-step explanation:

First, convert both into improper fractions. 7 1/3=22/3. 2 2/11=24/11.

Lastly, multiply 22/3*24/11=528/33=16

Hope this helps!

The value of given expression is 28/33.

What is the product of two fractions?

The product of two fractions is the product of the numerators and the product of the denominators.

Product of two fractions = Product of their numerators / Product of their denominators

Given that, 7 and 1/3 times 2 and 2/11.

Now, 7× [tex](\frac{1}{3} \times2)[/tex]× 2/11

= 7× 2/3× 2/11

= (7×2×2)/(3×11)

= 28/33

Therefore, the value of given expression is 28/33.

To learn more about the product of two fractions visit:

https://brainly.com/question/7335118.

#SPJ2

If you apply these changes to the linear parent function, f(x) = x, what is the
equation of the new function?
• Vertically compress by a factor of 7.
• Shift up 9 units.
O A. DY) = 7x+9
O B. g(x) = = x+9
O C. () = 7(x-9)
O D. g(x) = + (x+9)

Answers

Answer:

The equation of the new function is [tex]g(x) = 7x + 9[/tex]

Step-by-step explanation:

Vertically compress by a factor of 7.

Vertically compressing a function by a units is the same as:

[tex]g(x) = f(ax)[/tex]

In this question:

[tex]f(x) = x, a = 7[/tex]. So

[tex]g(x) = f(7x) = 7x[/tex]

Shift up 9 units.

Shifting a function up a units is the same thing as adding a to the function. In this case, [tex]a = 9[/tex], and then:

[tex]g(x) = 7x + 9[/tex]

The equation of the new function is [tex]g(x) = 7x + 9[/tex]

What is the y-intercept of the quadratic function below?





There is no y-intercept

(0, -1)

(-4, 0)

(-2, 3)

Answers

The answer is (-4,0) I just took the test

a solid has volume 2 cubic units and surface area 10 square units. The solid is dilated, and the image has a volume 128 cubic units. What is the surface area of the image?

Answers

Step-by-step explanation:

the answer is 640. Hope this helps

The side length of dilated cubes is 10.08 units. Then the surface area of the dilated cube is 609.6384 square units.

What is dilation?

Dilation means the changing of the size of the object without changing the shape. The size of the object may be increased or decreased based on the scale factor.

A solid has a volume of 2 cubic units and a surface area of 10 square units.

The solid is dilated, and the image has a volume of 128 cubic units.

Let the original side length of the cube be a and dilated length of the cube be b.

The value of a will be

[tex]a^3 = 2\\\\a \ = 1.26[/tex]

Then the ratio of their volume will be

[tex]\rm \dfrac{b^3}{a^3} = \dfrac{Dilated \ volume }{Original \ volume }\\\\\\\dfrac{b^3}{a^3} = \dfrac{128}{2}\\\\\\\dfrac{b^3}{a^3} = 64\\\\\\\dfrac{b}{1.26} = 8\\\\\\b \ = 10.08[/tex]

Then the surface area of the dilated cube will be

[tex]\rm Dilated \ surface \ area = 6 *10.08^2\\\\Dilated \ surface \ area = 6*101.6064\\\\Dilated \ surface \ area = 609.6384 \ square \ units[/tex]

More about the dilation link is given below.

https://brainly.com/question/2856466

An automobile dealer conducted a test to determine if the time in minutes needed to complete a minor engine tune-up depends on whether a computerized engine analyzer or an electronic analyzer is used. Because tune-up time varies among compact, intermediate, and full-sized cars, the three types of cars were used as blocks in the experiment. The data obtained follow.:

Car
Compact Intermediate Full Size
Analyzer Computerized 50 55 63
Electronic 42 44 46

The following regression model can be used to analyze the data for a randomized block design involving two treatments and three blocks.

E(y) = 0 + 1x1 + 2x^2 + 3x^3
Show the values of the variables below.

Analyzer x1
Computerized __________
Electronic 1

Answers

Answer:

the value of the variable is 10

What are elliptic and hyperbolic geometries? Why were they developed?

Answers

The elliptic geometry is a formal geometric system which satisfies the first four Euclidean postulates and considers solely spaces with a constant negative curvature.

The hyperbolic geometry is a formal geometric system which satisfies the first four Euclidean postulates and considers solely spaces with a constant positive curvature.

These formal systems were developed to demonstrate the possibility of the existence of geometries in which the fifth Euclidean postulate is not observed.

The key fact that makes elliptic and hyperbolic geometries different from Euclidean geometry is the consideration of curvature in spaces.

In this case, Euclidean geometry considers only spaces with no curvatures, whereas elliptic geometry considers spaces with a constant negative curvature and hyperbolic geometry makes with spaces with a constant positive curvature.

The elliptic geometry is a formal geometric system which satisfies the first four Euclidean postulates and considers solely spaces with a constant negative curvature.

The hyperbolic geometry is a formal geometric system which satisfies the first four Euclidean postulates and considers solely spaces with a constant positive curvature.

These formal systems were developed to demonstrate the possibility of the existence of geometries in which the fifth Euclidean postulate is not observed.

We kindly invite to check this question on non-Euclidean geometry: https://brainly.com/question/16972917

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