Which will have a higher effective interest rate - a payday loan for $1500 that
is due in 12 days with a fee of $90, or a payday loan for $1500 that is due in
10 days with a fee of $90?
а
a
O A. A payday loan for $1500 that is due in 12 days with a fee of $90,
since it has the longer period
O B. A payday loan for $1500 that is due in 12 days with a fee of $90,
since it has the shorter period
о
C. A payday loan for $1500 that is due in 10 days with a fee of $90,
since it has the longer period
D. A payday loan for $1500 that is due in 10 days with a fee of $90,
since it has the shorter period

Which Will Have A Higher Effective Interest Rate - A Payday Loan For $1500 Thatis Due In 12 Days With

Answers

Answer 1

The higher effective interest rate is for A payday loan for $1500 that is due in 10 days with a fee of $90, since it has the shorter period, the correct option is B.

What is Interest Rate?

An Interest Rate is the rate at which a person either takes a loan, or a person lends money to somebody.

The interest rate is different for different types of loans, some interests are simply calculated on the principal, called as Simple Interest while some are calculated on both the principal and the interest, called as Compound Interest.

A payday loan has principal of $1500

It is due in 12 days, so time period is 12 days.

The interest amount is $90

I = P * R *T / 100

90 = 1500 *12 *R /100

R = 0.5 %

A payday loan has principal of $1500

It is due in 10 days, so time period is 10 days.

The interest amount is $90

90 = 1500 *10 *R /100

R = 0.6 %

The rate of interest  is more for a payday loan for $1500 that is due in

10 days with a fee of $90.

Hence, the correct answer is A payday loan for $1500 that is due in 10 days with a fee of $90, since it has the shorter period, the correct option is B.

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Related Questions

What is 6.2% of 105 also please include what equation you use to find it

Answers

Answer:

6.51

Step-by-step explanation:

105×6.2/100

it gives 6.51

253 19/26 rounded to the nearest ten

Answers

Answer:

250

Step-by-step explanation:

As a decimal 253 and 19/23 can be written as 253.73

If we think about 253.73 being closer to 250 or 260, we can see that it is closer to 250, so that is the nearest ten we will round to.

Even if it is too difficult to convert to a decimal, if we round 19/23 to 23/23, our number becomes 254. The nearest ten is still 250.

HELP POINTS FOR Each answEr quantity 4 times x plus 3 end quantity divided by 5 equals quantity 8 times x minus 1 end quantity divided by 9.

Answers

[tex]\displaystyle \frac{4x+3}{5} ^{/9}=\frac{8x-1}{9} ^{/5} \\\\\\ 36x+27=40x-5 \\\\ 40x-36x=27+5\\\\ 4x=32 \\\\ \boxed{x=8 }[/tex]

Step-by-step explanation:

Given fractional expression:

(4x+3)/5 = (8x-1)/9

By doing cross multiplication, we get

⇛4x(9) + 3(9) = 8x(5) - 1(5)

⇛36x + 27 = 40x - 5

Now, combine the like terms in one side.

⇛27x - 40x = -5 + 36

⇛-13x = 31

⇛x = 31/-13 Ans.

What is the second term in the binomial expansion of (2x−3y)12 ?

Recall the binomial theorem:

Group of answer choices

73728x11y1


−73728x11y


−608256x10y2


608256x10y2

Answers

The option that gives the correct value of the second term is;

Option B; -73728x¹¹y

We are given the expression;

(2x - 3y)¹²

Now we want to find the second term using binomial expansion.

In binomial theorem, we have the following expressions;

(x + y)² = x² + 2xy + y²

(x - y)³ = x³ - 3x²y + 3xy² + y³

(x - y)⁴ = x⁴ - 4x³y + 6x²y² - 4xy³ + y⁴

(x - y)¹² = x¹² - x¹¹y + x¹⁰y² - x⁹y³ + ....

Now applying this same system above to our question gives us;

(2x - 3y)¹² = 4096x¹² - 73728x¹¹y + 608256x¹⁰y² - 3041280x⁹y³ + ........

Thus, our second term here is; -73728x¹¹y

In conclusion, the correct option that gives the second term is Option B.

Read more at; https://brainly.com/question/24102756

6846 is shared equally between 7 people how much does each person get?​

Answers

Answer:

978

explanation is a calculator

Can you help me

algebra 1

Answers

See the picture above for the solution.

1/3 x 2/5 in simplest form

Answers

Answer:

2/15

Step-by-step explanation:

1/3 x 2/5

= ( 1 x 2 ) / ( 3 x 5 )

= 2/15

Answer:

2/15

Step-by-step explanation:

1/3*2/5

(1*2)/(3*5)

2/15


2. Louis kept losing money through a hole in his pocket. He started with 35€, lost 20€.
put in 754 more, spent 43¢ lost 16¢ again, and then put in 14¢. How much change should
there be in his pocket?

Answers

Your answer should be 724 cents, in dollars that is $7.24

Step-by-step explanation:

from the cents is shoes be 724 and the dollars souls be $7.24

Rainwater is collected in a large pool. After a significant rainstorm, the pool contains
3 3/4 gallons of water. The sun came out after the rain ended. Within a couple of hours, 1/6 of the water collected in the pool evaporated. What value represents the change in the amount of water in the pool? Enter your answer as a simplified fraction in the box.

Answers

Answer:

3 1/8

Step-by-step explanation:

3 3/4 and 1/6 percent of the water evaporated

3 3/4 as a inproper fraction 15/4  

15/4  * 1/6= 15/24 = 5/8

so we have to subtract 5/8 from 15/ 4

15/4*2/2= 30/8

30/8-5/8= 25/8

Answer:

3 1/8

Step-by-step explanation:

there are 21 ballons 4 are blue ballons 3 is green what is the total of blue ballons

Answers

Answer:

4 blue balloons.

Step-by-step explanation:

Answer: 14

Step-by-step explanation: 4 + 3 = 7  and there are 21 balloons 21 - 7 = 14. and thats how you get 14

Choose the system for this graph

Answers

9514 1404 393

Answer:

  C

Step-by-step explanation:

Judging by the answers, the lines have slopes of 7/3 and 2/5. (We could verify this by close examination of the graph.) The shading is above (greater than) the line with the smaller slope value (2/5), and below (less than) the line with the steeper slope value (7/3).

That means we're looking for a pair of inequalities with the symbols ...

  y ≥ 2/5x ...

  y ≤ 7/3x ...

This combination is found in choice C.

Now when the spending multiplier is same as the one calculated in Q 4c and if there is a decrease in government purchases by $50,000. Calculate the change in AD. (Show your work)
Will AD increase or decrease?

Answers

Answer:

a. The real GDP increases by $200,000.

a. The real GDP increases by $150,000.

Step-by-step explanation:

a. What is the eventual effect on real GDP if the government increases its purchases of goods and services by $50,000?

Eventual effect on real GDP = Amount of increase in government spending * (1 /(1 - MPC)) = $50,000 * (1 / (1 – 0.75)) = $200,000

Therefore, the real GDP increases by $200,000.

a. What is the eventual effect on real GDP if the government, instead of changing its spending, increases transfers by $50,000?

Eventual effect on real GDP = (Amount of increase in government transfers * (1 /(1 - MPC))) - Amount of increase in government transfers = ($50,000 * (1 / (1 – 0.75))) - $50,000 = $150,000

Therefore, the real GDP increases by $150,000.

let H be the altitude from vertex C. Which proves the first equality in the law of sines​

Answers

The sine law of triangles can be proved by dividing the triangle into right-triangles.

Option (c) proves the first equality in the law of sines

From the question, we have:

h equals to the distance from point C to segment AB

The sine of angle is:

[tex]\mathbf{sin(\theta) = \frac{Opposite}{Hypotenuse}}[/tex]

For angle at A, we have:

[tex]\mathbe{\theta = A}[/tex]

[tex]\mathbf{Hypotenuse = b}\\\mathbf{Opposite = h}[/tex]

So, we have:

[tex]\mathbf{sin(\theta) = \frac{Opposite}{Hypotenuse}}[/tex]

Substitute values for Opposite, Hypotenuse and theta

[tex]\mathbf{sin A = \frac{h}{b}}[/tex]

Similarly

[tex]\mathbf{sin B = \frac{h}{a}}[/tex]

Make h the subject

[tex]\mathbf{h = a\ sinB}[/tex]

Substitute [tex]\mathbf{h = a\ sinB}[/tex] in [tex]\mathbf{sin A = \frac{h}{b}}[/tex]

[tex]\mathbf{sin A = \frac{a\ sinB}{b}}[/tex]

Divide both sides by a

[tex]\mathbf{\frac{sin A}{a} = \frac{sinB}{b}}[/tex]

Hence, the correct option is (c).

Read more about proof of sine law at:

https://brainly.com/question/4637169

What is a pair of alternate interior angles?

Answers

Answer:

D. ∠2 and ∠8

Step-by-step explanation:

common sense lol

A certain chemical the ratio of zinc the copper is 3 of 13 A jar of chemicals contains 377 grams of copper how many grams of zinc does it have ​

Answers

Z : C
3 : 13
? : 377

377/13 = 29
3 x 29 = 87.


87 grams of zinc

Answer:its 116 grams of zinc

Step-by-step explanation:

HELPPP
Indicate the equation of the given line in standard form, in the equation box below.

The line through (2, –1) and parallel to a line with slope of 3/4.

Answers

Hope this helps you

15. In his piggy bank, Neil has three times as many dimes as nickels and he has four more quarters than nickels. The coins total $4.60. How
many of each coin does he have?

Answers

10 quarters 6 nickels 18 dimes

PLEASE HELP ITS MATH THANK YOUUUU

Answers

Answer:

8 millimeters 4x where x is 2 millimeters

good luck homie you got this

4. Find PQ. N Р 5x + 16 S R 9x - 32 Q​

Answers

Answer:

76

Step-by-step explanation:

PQRS is a Rhombus.

Property of Rhombus : -

All sides are equal.

So,

PQ = QR = RN = NP

RN = 5x + 16

QR = 9x - 32

QR = RN

5x + 16 = 9x - 32

9x - 32 = 5x + 16

9x - 5x = 16 + 32

4x = 48

x = 48 / 4

x = 12

Substitute x = 12 in RN,

RN = 5x + 16

= 5 ( 12 ) + 16

= 60 + 16

RN = 76

Since,

PQ = QR = RN = NP

Therefore,

PQ = 76

Find the value of x. NO LINKS AT ALL!! ​

Answers

Answer:

x= -7

The whole thing is just an awkward mirror but the lower triangle has an angle that is 1 degree smaller so the whole lower section is going to be bigger or smaller and the angle that mirrors the 80 degree angle is now 79 degrees which makes the other angle on that line 1 degree bigger which would be 101 so you put it in the expession to make it the equation -12x+17=101 and you solve for x which you would then get -7.

0.28÷0.007please answer me

Answers

Answer:

40

Step-by-step explanation:

0.28÷0.007

=280÷7

=40

>> Answer

_________

[tex] \: [/tex]

0,28 ÷ 0,007 = ...

[tex] = \frac{28}{100} \div \frac{7}{1.000} [/tex]

[tex] = \frac{28}{100} \times \frac{1.000}{7} [/tex]

[tex] = \frac{28.0 \cancel{00}}{7 \cancel{00}} [/tex]

[tex] = \frac{280}{7} [/tex]

[tex] \longmapsto \boxed{ \bold{ \red{40}}}[/tex]

Which one is the one?

Answers

Answer:

yes because are slopes are the same

what is the purpose of using measures of variability?

Answers

Variability describes how far apart data points lie from each other and from the center of distribution. Along with measures of central tendency, measure of variability give you descriptive statistics that summarize your data. Variability is also referred to as spread, scatter or dispersion.


Answer: it gives you descriptive statistics that summarize your data.

Please help as soon as possible :))

Answers

Answer:

x=45 y=60

Step-by-step explanation:

the picture is kinda blurry but if im seeing it correctly its ^^^

The carpet costs $2.59 per square foot, and sales tax is 7.5%. What is the total cost of the carpet? (Round to two decimal places as usual.)

Answers

How much square footage is being bought? The formula for solving would be 2.59X (x being how many square feet you are buying) to get the total. And then divide that by 7.5% so 2.59X / 7.5 and then times it by 100. So 2.58X / 7.5 x 100.

A rectangles has a length 2 ft less than three times its width what is the area of the rectangle when its width is 2 ft

Answers

1.22992 is the answer
Explanation: you need 2/2 to divide y and c

Answer:

8

Step-by-step explanation:

rectangle length is 2-3w

w=2

3 x 2=6 - 2=4

l x w

4 x 2 =8

In a circle, an angle measuring 2.2 radians intercepts an arc of length 34.9. Find the radius of the circle to the nearest 10th.

Answers

Answer:

xx=15.86

Step-by-step explanation:

find me < 7 and m < 8 pls

Answers

Answer:

∠8 is 105° and ∠7 is 75°

Step-by-step explanation:

Angles 4 and 8 are corresponding angles, and are congruent.

Angles 8 and 7 are a linear pair

If a sum invested gains 10% each year how long will it be before it has doubled its
value?

Answers

Using an exponential equation, it is found that it will be 7.3 years before the value is doubled.

The equation for an increasing exponential function is given by:

[tex]A(t) = A(0)(1 + r)^t[/tex]

In which:

A(0) is the initial amount.r is the growth rate, as a decimal.

In this problem:

Gains 10% each year, thus [tex]r = 0.1[/tex].

The doubling time is t for which [tex]A(t) = 2A(0)[/tex], then:

[tex]A(t) = A(0)(1.1)^t[/tex]

[tex]2A(0) = A(0)(1.1)^t[/tex]

[tex](1.1)^t = 2[/tex]

[tex]\log{(1.1)^t} = \log{2}[/tex]

[tex]t\log{1.1} = \log{2}[/tex]

[tex]t = \frac{\log{2}}{\log{1.1}}[/tex]

[tex]t = 7.3[/tex]

It will be 7.3 years before the value is doubled.

A similar problem is given at https://brainly.com/question/23008760

64 hundredths + 8 hundredths add decimals

Answers

Answer:

0.72

Step-by-step explanation:

64 hundredths= 0.64

8 hundredths= 0.08

0.64 + 0.08 = 0.72

Answer:

.72

Step-by-step explanation:

You just add 64 and 8 (equal to 72) and make sure it's in the hundredths (.00) Hope this is helpful.

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