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?

A. A payday loan for $1500 that is due in 12 days with a fee of $90,
since it has the shorter period
B. A payday loan for $1500 that is due in 10 days with a fee of $90,
since it has the shorter period
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 12 days with a fee of $90,
since it has the longer period

Answers

Answer 1

Answer:

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

Answer 2

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?

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

The interest rate is different for different types of loans, some interest 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.

To know more about Interest Rate

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Related Questions

HELP ASAP!! Which representation shows y as a function of x ?

Answers

Answer:

It is the first answer

Step-by-step explanation:

For it to be considered a function, each x-value can only corresponds (have) one y-value, however, y-values (even if they are the same y-value) can have multiple different x-values.

John made $172 last weekend. He worked 11 hours. How much money does John make each hour? *

Answers

Answer:

15.63

Step-by-step explanation:

172/11

15.636363...

8w < 32 can u guys please help me

Answers

Answer:

w<4

Step-by-step explanation:

divide both sides by 8. no need to flip the sign because 8 is positive

8/8w<32/8

w<4

Answer:

w>4

Step-by-step explanation:

8w<32

8w/8=w

What you do to one side, do to the other.

32/8=4

w<4

Flip the sign because we divided.

w>4 is your answer

Rick is taking a 1-mile ride on his bicycle. For each rotation of his tire, he travels 72 inches. How many rotations will his tire make during the 1-mile trip?
O 73 rotations
O 83 rotations
O 780 rotations
O 880 rotations
SHOW YOUR WORK!!!

Answers

Answer:

880 rotations or D

Step-by-step explanation:

72 inches = 72 / 12 = 6 feet

1 mile = 5280 feet

1 rotation covers 6 feet

x rotations covers 5280 feet

1/x = 6/5280                       Cross multiply

6x = 5280 * 1                      Divide by 6

x = 5280 /6

x = 880

D

plz help me this is a final!!!!

Answers

Answer: (a) 13 (b) 1

Step-by-step explanation: The absolute value of -6 is 6. That equal 6 plus 7 which is 13. In the second equation, add -6 and 7 first. That is 1 and the absolute value of 1 is 1.

Answer:

A.13 b.-1

Step-by-step explanation:

a 6+7=13

b 6- -7=-1

Which statement is not true about the pattern shown 2/3 , 4/6, 8/12, 16/24 , ...

Answers

They are multiplying by two .

can you help me? i don’t understand

Answers

angle1 + angle2 = 180

[tex]4x + 20 + x + 20 = 180[/tex]

[tex]5x + 40 = 180[/tex]

[tex]5x = 180 - 40[/tex]

[tex]5x = 140[/tex]

[tex]x = \frac{140}{5} [/tex]

[tex]x = 28[/tex]

Determine the number of acute, obtuse, and right angles in the shape above

Answers

Answer:

2 acute, 1 obtuse, 1 right


guys I need help with both of the questions

Answers

Part 1: 93.75

Explanation: 75% = 0.75
125 x 0.75 = 93.75

Part 2: 200 total freshman

Explanation: 90 = part
45% = 0.45 = percent
Meaning the whole is missing

90/0.45 = 200



The students at Roosevelt Middle School wear uniforms. They may choose to wear either a navy blue or
white shirt each day. Yesterday, 100 of the 150 eighth-grade students wore blue shirts. What was the ratio of
students wearing blue shirts to students wearing white shirts?

Answers

Answer:

the ratio would be 2:3 simplified

10 points for correct answer and giving brainliest

Answers

Answer:G

G is the correct inequality.

Which one should I choose

Answers

Answer:

try x^2   X   6

Step-by-step explanation:

PLEASE HELP IM GOING TO FAIL!!!

Answers

Answer:

D.

Step-by-step explanation:

the slope is going up 1 over 2 and the 1 is the y....hope this helps.

What do we mean when we say that the k-coloring algorithm discussed in the lectures is "almost" constant-time?

Answers

Answer:

What is meant by K-coloring algorithm to be "almost" constant-time: is that the pattern through which K-coloring algorithm is applied when coloring a graph is "almost" the same every time the algorithm is applied on any graph

Step-by-step explanation:

What is meant by K-coloring algorithm to be "almost" constant-time: is that the pattern through which K-coloring algorithm is applied when coloring a graph is "almost" the same every time the algorithm is applied on any graph. this is because in the use of K-coloring algorithm no adjacent vertices are colored  with the same color and if that happens the  lowest numbered color that has not been colored will be applied i.e. a new color.

The aim of the K-coloring algorithm is to color a graph with the least possible amount of different colors while ensuring that adjacent vertices don't get the same color

George went to visit his family in California. While there, he bought a book for $24.00. The city where he bought the book had an 8% sales tax. Find the amount he paid in sales tax on the book.

Answers

net amount $24.00 tax at 8% 1.92 gross amount including tax $25.92

The yield of strawberry plants depends on the amount of fertilizer fed to the plants. Agricultural research shows that an acre of strawberry plants will yield 630 pounds of strawberries when 70 cubic feet of fertilizer are applied. If 100 cubic of feet of fertilizer are applied, the yield will be 900 pounds of strawberries. Use linear interpolation to estimate the yield if 73 cubic feet of fertilizer are applied.

Answers

Answer:

657 pounds

Step-by-step explanation:

Given

Represent the amount of fertilizer with x and the yield with y.

So, we have:

[tex](x_1,y_1) = (70,630)[/tex]

[tex](x_2,y_2) = (100,900)[/tex]

Required:

Determine the yield (y) when fertilizer (x) is 73ft^3

Using linear interpolation, we have:

[tex]y = y_1 + (x - x_1)\frac{(y_2 - y_1)}{(x_2 - x_1)}[/tex]

Substitute the x and y values using

[tex](x_1,y_1) = (70,630)[/tex] and [tex](x_2,y_2) = (100,900)[/tex];

We have:

[tex]y = y_1 + (x - x_1)\frac{(y_2 - y_1)}{(x_2 - x_1)}[/tex]

[tex]y = 630 + (x - 70)\frac{(900 - 630)}{(100 - 70)}[/tex]

[tex]y = 630 + (x - 70)\frac{270}{30}[/tex]

[tex]y = 630 + (x - 70)*9[/tex]

Open bracket

[tex]y = 630 + 9x - 630[/tex]

[tex]y = 9x - 630+630[/tex]

[tex]y = 9x[/tex]

To solve for y when x = 73.

We simply substitute 73 for x

[tex]y = 9x[/tex]

[tex]y = 9 * 73[/tex]

[tex]y = 657[/tex]

Hence, the yield for 73 cubic feet is 657 pounds

A radioactive element has a half-life of 400 years. How much of 100 grams would remain after 40 years?

Answers

Answer: here are all the answers

Answer:

What....

Step-by-step explanation:

2 balloons and 3 cakes cost $26.
4 balloons and 4 cakes cost $40.
What's the cost of 1 balloon?
What's the cost of 1 cake?

Answers

Answer:

The cost of one balloon is 4 dollars

the cost of one cake is 6 dollars

Step-by-step explanation:

The way I did it was by substituting different numbers and seeing if they equaled forty or 26.

my thought process:

1 balloon= 5

1 cake= 10

that doesnt work for 2 balloons and 3 cakes

1 balloon=5

1 cake=5

that works for 4 balloons and 4 cakes but not 2 balloons and 3 cakes

1 balloon=4

1 cake=7

I'm sorry I'm way too tired to finish this 0-0 anyways yeah that's the correct answer :)

Rewrite the expression as a product using the GCF and distributive property. 27 + 45

Answers

Step-by-step explanation:

GCF of 27 and 45 is 9

Answer: 9 (3+5)

Step-by-step explanation:

The GFCF of these two numbers is 9 as they can both be divided by it

Distributive property form is when you place the GFC outside parenthesis so that the equation can be multiplied in order to show the original equation and dividing the numbers by the GCF so that it does not give you a larger number than what you started with

27/9=3 + 45/9=5

So, keeping this in mind the distributive property form would be 9(3+5)

Answer 9(3+5)

Evaluate the expression for the given value of the Variable
2x + 17 for x = 3
The expression equals

Answers

Answer:

23

Step-by-step explanation:

what is the answer to (7×10^5)×(3×10^2)

Answers

Answer:

210000000

Step-by-step explanation:

After purchasing a home for $160,00 the homeowner noticed the suggested value of her house was depreciating by 5% each year.

What is the decay factor for this situation?



A
0.05

B
0.50

C
0.95

D
1.05

Answers

The answer is A! Hoped I was able to help you out !bjjucyuvvhhhhhhhhhuuu

Solve for x and find NM

Answers

Answer:

x = 9, NM = 41

Step-by-step explanation:

Since KL = ML  then the triangle is isosceles and LN is a perpendicular bisector, thus

NM = NK , substitute values

7x - 22 = 3x + 14 ( subtract 3x from both sides )

4x - 22 = 14 ( add 22 to both sides )

4x = 36 ( divide both sides by 4 )

x = 9

Thus

NM = 7x - 22 = 7(9) - 22 = 63 - 22 = 41

2 points
Jadewants to spend less than $22 on a board game. How much does the
game cost if the game is $25 and is on sale for 15% off?

Answers

Discount: 0,15 * 25 = 3,75$

Price after discount: 25 - 3,75 = 21,25$

The game will cost less than 22$, which is Jade’s budget for a board game.

PLEASE I NEED HELP SHOW WORK ASAP

Answers

Answer:

d

Step-by-step explanation:

Answer: d

Step-by-step explanation:

Imagine being in 8th grade

A new car is purchased for $18,000. Every year after the new car is purchased, it loses 1/3 of its value. Is this an example of exponential growth or exponential decay? Explain your answer based on what you have learned about exponential growth and exponential decay.

no joke answers pls.
reply if you know the answer.

Answers

Answer: Exponential Growth

Step-by-step explanation:

Since this car is being divided, it will only increase it's value, hope this helps, Merry Christmas and have a nice day.

18 000 / (1/3) =

54000

solve for s
1/2 s = 7/2​

Answers

i think it’s
7/2=3.5
3.5/2
=7

Answer:

its 7 thats the answer lol

Find the domain and range of the function y = f(x) in the graph

Answers

Answer:

A.

Step-by-step explanation:

Answer:

a. Domain -4 ≤ x ≤ 3, Range 0 ≤ y ≤ 5

General Formulas and Concepts:

Algebra I

Domain is the set of x-values that can be inputted into function f(x) Range is the set of y-values that are outputted by function f(x)

Step-by-step explanation:

According to the graph, we see that our x-values span from -4 to 3. Since both dots are closed dots, they are inclusive in the domain:

[-4, 3] or -4 ≤ x ≤ 3

According to the graph, we see that our y-values span from 0 to 5. Since both dots are closed dots, they are inclusive in the range:

[0, 5] or 0 ≤ y ≤ 5

Pls help me I am d$mb...

Answers

Answer:

ur not domb

Step-by-step explanation:

PLEASE HURRY
Russell has a collection of 1,200 pennies. Of these pennies, 25% are dated before 1980, 35% are dated from 1980 to 2000, and the rest are dated after 2000. How many pennies in Russell’s collection are dated after 2000?

Answers

40% of the pennies are dated after 2000...or there are 500 pennies dated after 2000 hope this helps :) brainliest?
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