A payday loan store charges $45 for a one-month loan of $720. What annual interest rate is this equivalent to?

Answers

Answer 1

Answer:

$720 multiplication

$45=n 32‚400

Answer 2

The annual interest rate for the one-month loan is approximately 9.375%.

To calculate the annual interest rate equivalent to the one-month loan, we need to determine the interest paid over the course of a year.

The total amount paid for the one-month loan is the sum of the principal and the charge, which is $720 + $45 = $765.

The interest paid on the loan is the difference between the total amount paid and the principal, which is $765 - $720 = $45.

To find the annual interest rate, we need to calculate the interest as a percentage of the principal and then multiply it by the number of times the loan is made in a year (since it is a one-month loan).

The loan is made for one month, so the number of times the loan is made in a year is 12 (12 months).

The annual interest rate is (45 / 720) * 12 * 100 ≈ 9.375%.

Therefore, the annual interest rate for this payday loan is approximately 9.375%.

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Related Questions

Use the definition of the derivative to differentiate v=4/2 pie r^3

Answers

I suspect 4/2 should actually be 4/3, since 4/2 = 2, while 4/3 would make V the volume of a sphere with radius r. But I'll stick with what's given:

[tex]\displaystyle \frac{dV}{dr} = \lim_{h\to0} \frac{2\pi(r+h)^3-2\pi r^3}{h}[/tex]

[tex]\displaystyle \frac{dV}{dr} = 2\pi \lim_{h\to0} \frac{(r^3+3r^2h+3rh^2+h^3)- r^3}{h}[/tex]

[tex]\displaystyle \frac{dV}{dr} = 2\pi \lim_{h\to0} \frac{3r^2h+3rh^2+h^3}{h}[/tex]

[tex]\displaystyle \frac{dV}{dr} = 2\pi \lim_{h\to0} (3r^2+3rh+h^2)[/tex]

[tex]\displaystyle \frac{dV}{dr} = 2\pi \cdot 3r^2 = \boxed{6\pi r^2}[/tex]

In Mathematica, you can check this result via

D[4/2*Pi*r^3, r]

Need help it's a pic

Answers

Step-by-step explanation:

Hope this will helps you

what is (0.6) to the 2nd power=

Answers

Answer:

I think 0.36

Step-by-step explanation:

if not im so sorry

[tex]\huge\text{Hey there!}[/tex]

[tex]\huge\boxed{\mathsf{(0.6)^2}}[/tex]

[tex]\huge\boxed{\rightarrow \mathsf{0.6^2}}[/tex]

[tex]\huge\boxed{\mathsf{\rightarrow 0.6\times0.6 }}[/tex]

[tex]\huge\boxed{\rightarrow \mathsf{0.36}}[/tex]

[tex]\huge\boxed{\star}\ \huge\text{Therefore, your answer is: \boxed{\textsf{0.36}}}\ \huge\boxed{\heartsuit}\huge\checkmark[/tex]

[tex]\huge\text{Good luck on your assignment \& enjoy your day!}[/tex]

~[tex]\huge\boxed{\frak{Amphitrite1040:)}}[/tex]

Jack is paid £2400 a month.
He spends half his money on rent,
He spends the rest on food, bills and savings in the ratio 3:5:4

How much does he spend on bills?

(I really need help with this) - TYSM if anyone is able to help) :)

Answers

Answer:

300+400+500=1200

Step-by-step explanation:

given total paid $2400

spend $1200 on a rent (half of his paid)

so rest he spend as a ratio of 3:4:5=1200

let x as a amount he using to pays rest of the bills so

3x+4x+5x=1200

12x=1200

x=1200/12

x=100

so he spends 3x=300

4x=400

5x=500

hope it helps you

mark as brain list

Given this equation;
5p + 3 = 15
Write a situation that this equation could help you solve and explain how cach part
of the equation relates to the situation you create.

Answers

Answer:

18

Step-by-step explanation:

Marilyn has
78 yard of ribbon. What is the maximum number of 116 yard-long pieces Marilyn can cut from this ribbon?

Answers

Answer: She can cut 14 pieces

Step-by-step explanation:

She can cut 14 ribbons

Simplify the expression (3.2b+0.8) + 1.96

Answers

Answer is 3.2b +2.76

Help please, 20 pts. Which one?

Answers

Answer:

you are correct

Step-by-step explanation:

brainliest pls

The answer is C, Angle Angle Side Congruence Theorem

Akio is a board game he starts with 0 points on his first turn Aiko earns 8 points on his second turn he loses three points the expression 8 + (-3) represents the situation use a model to find 8 plus (-3) (if you get this right I will be your best friend :)--)

Answers

Answer:

(3+8)+(-3)

Step-by-step explanation:

9514 1404 393

Answer:

  8 + (-3) = 5

Step-by-step explanation:

A number line offers a suitable model. +8 is represented by a segment extending from 0 to 8. -3 is represented by a segment extending from 0 to -3. The addition of those numbers is modeled by placing those segments end-to-end. In the attachment, we have shown -3 placed so it starts at the end of +8. The other end of -3 lies at the sum: 5.

  8 + (-3) = 5

Solve (x-4)^2=5

answer: (x=5+√4

Answers

Answer:

x = 4 + sqrt 5

x = 4 - sqrt 5

Step-by-step explanation:

(X-4)^2 = 5

X - 4 = + - sqrt 5

X = 4 + sqrt 5 and

X = 4 - sqrt 5

Answer:

Step-by-step explanation:

Take the square root of each side of the equation to set up the solution for x

[tex](x-4)^{2*\frac{1}{2} } =[/tex] ±[tex]\sqrt{5}[/tex]

Remove the perfect root factor x - 4 under the radical to solve for x.

x - 4 = ±[tex]\sqrt{5}[/tex]

The complete solution is the result of both the positive and negative portions of the solution.

First, use the positive value of the ± to find the first solution.

[tex]x-4=\sqrt{5}[/tex]

Add 4 to both sides of the equation.

[tex]x=\sqrt{5} +4[/tex]

Next, use the negative value of the ± to find the second solution.

[tex]x-4=-\sqrt{5}[/tex]

Add 4 to both sides of the equation.

[tex]x=-\sqrt{5} +4[/tex]

The complete solution is the result of both the positive and negative portions of the solution.

[tex]x=\sqrt{5} +4,-\sqrt{5} +4[/tex]

solve for x, 3(xt2)=2(2-x)

Answers

Answer:

x=-2/5

Step-by-step explanation:

3x+6=4-2x3x+2x=4-65x/5=-2/5x=-2/5

i mark brainliest for the anwser please help soon​

Answers

Answer:

36

Step-by-step explanation:

2x3x6 = 36

(height x length x width) That will always b the equation. Just multiply all of them together.

Answer:

36cm

Step-by-step explanation:

refer to the attachment

Information about two baseball cards is given below.

Baseball card A has a current value of $50. The value is expected to increase exponentially, multiplying every 2 years by 1.06.
Baseball card B has a current value of $40. The value is expected to increase exponentially, multiplying every 2 years by 1.08.
Which inequality can be used to determine t , the number of years from now when the expected value of card A is AT LEAST the predicted value of card B?

A
50(1.06)t/2≥40(1.08)t/2

B
50(1.06)2t≥40(1.08)2t

C
50(1.06)t/2≤40(1.08)t/2

D
50(1.06)2t≤40(1.08)2t

Answers

Answer:

answer is b i took the test

Step-by-step explanation:

If a shopkeeper sells an article for $440 and loses 12% on the sale, find his cost price.

Answers

Step-by-step explanation:

440÷100×12

52.8

440-52.8

387.2

MARK ME BRAINLIEST PLSSSSSS

The cost price of the article is C = $ 500

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the equation be represented as C

Now , the value of C is

The selling price of the article is given as $440, and we know that the shopkeeper incurs a loss of 12% on the sale

Selling price = Cost price - Loss

Substituting the given values, we get

$440 = C - 0.12C

Simplifying this equation, we get:

$440 = 0.88C

Dividing both sides by 0.88, we get:

C = $500

Hence , the cost price of the article is $500

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How does The perimeter of the larger figure relate to the perimeter of the original figure?

Answers

Answer:

Perimeters of Similar Figures

of their perimeters is equal to the ratio of their corresponding side lengths.

Step-by-step explanation:

BRAINLIEST?

Answer:

here it is

Perimeter is the distance around a two dimensional shape, a measurement of the distance around something; the length of the boundary.

HELP PLZ IM GIVING BRAINLIEST

Answers

Answer:

6 large Boxes 2 Small boxes

Step-by-step explanation:

400 - 800 - 1200 - 1600 - 2000 - 2400

   1        2         3           4       5           6

50 - 100

1       2    

2 is 1/3 of 6

2400 + 100 + 2500

Pls help ive been stuck on this for hours

Answers

Answer:

  the correct choice is marked

Step-by-step explanation:

The lengths will form a right triangle if the squares of the two shortest legs total the square of the longest. The square of a root is the number under the radical, so you're looking to see if the two smallest numbers under the radicals total the largest number under the radical.

  A: 22 +88 = 110 . . . . . a right triangle

  B: 66 +99 = 165 ≠ 176 . . . . an obtuse triangle

  C: 22 +110 = 132 ≠ 121 . . . . an acute triangle

  D: 66 +77 = 143 ≠ 154 . . . . an obtuse triangle

_____

Additional comment

The largest angle is opposite the longest side. If the longest side is too long for the triangle to be a right triangle, then the opposite angle is larger than 90°, and the triangle is obtuse. If the longest side is too short for a right triangle, then the triangle is acute.

PLS HELP ILL GIVE BRAINLIEST Jessica and Nancy are members of different video game libraries. Jessica pays a membership fee of $50, and she pays $3 for every video game she rents. The following function shows the total amount of money, y, in dollars, that Nancy pays for renting x number of video games:

y = 7x + 25.


How many more dollars does Jessica pay for a membership fee than Nancy?

Answers

Answer:

essica pays a membership fee of $40 so that's given to us Jessica has a membership fee of $40 (given)

Nancy has a membership fee of $30 (y intercept of the equation)

so how much is jessica going to pay is $10 more than Nancy

Step-by-step explanation:

Does anyone know what the table is? I need help

Answers

Answer:

yea its the thing you eat your food on at breakfast lunch dinner etc.

Step-by-step explanation:

A field having length 120ft and width 90ft has squared pond with edge 20ft find the area of the field excluding the pond.​

Answers

Area of field = L * B
= 120 * 90
= 10,800 ft

Area of pond = S * S
= 20 * 20
= 400 ft

Area of field excluding ( without) the pond =
Area of the field) - ( Area of the pond)

=10,800 - 400 ft

= 10,400ft

Help hurry hurry fast converting

Answers

Answer:

ok so a is 1b b is 5 c is 57 d is 97

I grew up on a pig farm. We raised baby pink pigs from birth to 8 weeks old. A 90% confidence interval is calculated for a sample of weights of 135 randomly selected 8-week old pigs. The resulting confidence interval is 75 to 90 pounds. Will the sample mean weight, from this random sample of 135 pigs, fall within the confidence interval?

a. yes
b. no
c. maybe

Answers

Answer:

A

Step-by-step explanation:

3 4 5 6

The sample mean weight, from this random sample of 135 pigs, fall within the confidence interval. (Option A: yes)

How to find the confidence interval for large samples (sample size > 30)?

Suppose that we have:

Sample size n > 30Sample mean = [tex]\overline{x}[/tex]Sample standard deviation = [tex]s[/tex]Population standard deviation = [tex]\sigma[/tex]Level of significance = [tex]\alpha[/tex]

Then the confidence interval is obtained as

Case 1: Population standard deviation is known

[tex]\overline{x} \pm Z_{\alpha /2}\dfrac{\sigma}{\sqrt{n}}[/tex]

Case 2: Population standard deviation is unknown.

[tex]\overline{x} \pm Z_{\alpha /2}\dfrac{s}{\sqrt{n}}[/tex]

For this case, we work with sample standard deviation(you can choose even population standard deviation, it won't matter as both are not given here).

We're provided that:

Sample size = n = 135Confidence interval is of 90%, therefore, Level of significance = [tex]\alpha[/tex] = 100 - 90% = 10% = 10/100 = 0.1 (converted percent to decimal)The critical value of Z at 0.1 level of significance is [tex]\pm 1.645[/tex]Confidence interval's limits = 75 (lower limit) and 90(upper limit) (in pounds)Sample mean = [tex]\overline{x}[/tex]Sample standard deviation = [tex]s[/tex]

Since the formula for limits of confidence interval is:

[tex]\overline{x} \pm Z_{\alpha /2}\dfrac{s}{\sqrt{n}} = \overline{x} \pm 1.645\dfrac{s}{\sqrt{135}}[/tex]

That has:

[tex]\text{Lower limit} = 75 = \overline{x} - 1.645\dfrac{s}{\sqrt{135}}\\\\\text{Upper limit} = 90 = \overline{x} +1.645\dfrac{s}{\sqrt{135}}\\\\[/tex]

Thus, we get:

Adding both the equations, we get:

[tex]165 = 2\overline{x}\\\\\overline{x} = 82.5 \: \rm pounds[/tex]

That is between 75 and 90 pounds.

Thus, the sample mean weight, from this random sample of 135 pigs, fall within the confidence interval. (Option A: yes)

Learn more about confidence interval for large samples here:

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Cual es la fracción de el decimal 1.257

Answers

Answer:

[tex]\frac{1257}{1000}[/tex]

Step-by-step explanation:

Un número decimal se puede escribir como una fracción si se multiplica por

[tex]\frac{10 \cdot \text{la cantidad de numeros despues del punto}}{10 \cdot \text{la cantidad de numeros despues del punto}} \cdot \frac{x}{1}[/tex]

Siendo [tex]x[/tex] el número decimal a convertir en fracción.

Ya que este decimal tiene 3 números después del punto se tiene que multiplicar por [tex]10 \cdot 3 = 1000[/tex]

[tex]\frac{1.257}{1} \cdot \frac{1000}{1000} = \frac{1257}{1000}[/tex]

Debido a que no se puede simplificar la fracción el resultado es  [tex]\frac{1257}{1000}[/tex]

Slope table please have a good day

Answers

Answer:

y=3.2-5

Step-by-step explanation:

I did this a while ago so just trust me. Have a great day!

Which graph represents Y as a function of X?​

Answers

Answer:

Which graph represents Y as a function of X?​

Step-by-step explanation:

Compare the graphs of y = x and y = 2x. How are they related? a. The graph of y = 2x represents a transformation of the parent function, y = x, which makes the ...

Help me with this question

Answers

Answer:

The answer is y=-x+9.

The first thing to do is find where the line intercepts the y-axis, which is at positive 9 so you'll add a +9 to the end of your equation. Next you find the slope and since it's going down left to right, you know it is a negative. Now slope is found by change in y divided by change in x. And since both change and y and change in x are both 1, 1/1 is 1. And since you know it's negative that means the slope is -x. Altogether you get y= -x+9

help me please in zearn

Answers

Answer:

woah amazing

Step-by-step explanation:

if anyone could help me with one of these it'd be greatly appreciated

Answers

for Question 3 it’s 26 quarters and 40 dimes!

f(x) = х2. What is g(x)?

Answers

Answer:

C

Step-by-step explanation:

Ordenered pairs of g(x):

(0,0); (2,1); (- 2,1)

g(x) = ax² + bx + c

a.0² + b.0 + c = 0

c = 0

a.2² + b.2 + c = 1

4a + 2b = 1

a.(- 2)² + b.(- 2) + c = 1

4a - 2b = 1

4a + 2b = 4a - 2b

2b + 2b = 0

4b = 0

b = 0

4a + 2b = 1

4a = 1

a = 1/4

g(x) = (1/4)x² + 0x + 0

g(x) = (1/4)x²

g(x) = (1/2x)²

I hope I've helped you.

which statement best reflects the solution(s) of the equation?​

Answers

Answer:

A

Step-by-step explanation:

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