Payday loans are known for trapping borrowers in ""an endless cycle of debt. "" explain what this means and how it happens

Answers

Answer 1

Payday loans are granted at a high-interest rate and are considered the trapping of the borrower.

What is a payday loan?

A payday loan is given as a loan granted to the borrower at the high-interest rates based on the income of the borrower. These loans are granted for a short period of time.

With the use of these loans by the lender to make high profits over the loan, the payday loans are considered as the trapping cycle that results in endless debt.

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Related Questions

A patient takes a medication with a half life. initially, there are 11 milligrams of the medication in the patient's system. after 70 minutes there are 7 milligrams. after how many minutes will there be only 3 milligrams remaining in the patient's system? round your answer to the nearest whole number, and do not include units.

Answers

Using an exponential function, it is found that there will be only 3 milligrams remaining in the patient's system after 201 minutes.

What is an exponential function?

A decaying exponential function is modeled by:

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

In which:

A(0) is the initial value.r is the decay rate, as a decimal.

In this problem, initially, there are 11 milligrams on the patient's system, hence A(0) = 11. After 70 minutes there are 7 milligrams, hence A(70) = 7, and this is used to find r.

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

[tex]7 = 11(1 - r)^{70}[/tex]

[tex](1 - r)^{70} = \frac{7}{11}[/tex]

[tex]\sqrt[70]{(1 - r)^{70}} = \sqrt[70]{\frac{7}{11}}[/tex]

[tex]1 - r = \left(\frac{7}{11}\right)^\frac{1}{70}[/tex]

1 - r = 0.99356387084

r = 1 - 0.99356387084

r = 0.00643612916

Hence the equation for the amount after t minutes is:

[tex]A(t) = 11(0.99356387084)^t[/tex]

In will be of 3 mg when A(t) = 3, hence:

[tex]A(t) = 11(0.99356387084)^t[/tex]

[tex]3 = 11(0.99356387084)^t[/tex]

[tex](0.99356387084)^t = \frac{3}{11}[/tex]

[tex]\log{(0.99356387084)^t} = \log{\left(\frac{3}{11}\right)}[/tex]

[tex]t\log{(0.99356387084)} = \log{\left(\frac{3}{11}\right)}[/tex]

[tex]t = \frac{\log{\left(\frac{3}{11}\right)}}{\log{(0.99356387084)}}[/tex]

t = 201

There will be only 3 milligrams remaining in the patient's system after 201 minutes.

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What is the volume of the right rectangular prism? 21 cm3 42 cm3 120 cm3 240 cm3

Answers

Answer:

D) 240cm3

Explanation:

took test

Select the correct answer.simplify the following expression.a. b. c. d.

Answers

Answer:

what is the question ?

where are the options?

A student reads in a newspaper that the soil in his area contains high levels of arsenic. Based on this information, he believes that his fellow high school classmates have this metal present in their bodies. To test his hypothesis, he conducts an investigation of the soil in his school yard to see if it is contaminated with arsenic. He tests seven different areas around the school and finds high levels of arsenic in each. He concludes that the students at the school must have high levels of arsenic in their systems as well. Which of these is the best evaluation of his conclusion?

Answers

The best evaluation of his conclusion is it is flawed because he did not test the students to see if their bodies contained metal arsenic.

What is arsenic?

Arsenic is an element that is usually found mixed with sulfur and other metals.

Its heavy exposure can cause fatalities and its exposure for a long time can damage the liver, skin, kidney, etc.

In the experiment, he doesn't test students for correct results, so the experiment is flawed.

Thus, the correct option is D, His conclusion is flawed because he did not test the students to see if their bodies contained metal arsenic.

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A fair coin is flipped 10 times and lands on heads 8 times. Provide a reason to justify the difference between the experimental and theoretical probabilities. Use the drop-down menus to explain your answer

Answers

Answer:

Explanation:

The experimental probability will be different because the chance of it happening doesn't mean it will always happen (which is why people with a 12% chance of life end up making it). This just means it is more likely to happen.

You can flip the coin enough times and things will start to even out

An electron has a mass of 9.109 x 10^{-31} kg. a positron is a positively charged particle with the same mass as an electron. when an electron and positron collide, they annihilate to convert all their mass into energy. . how much energy is released by the reaction of 1.00 mole of electrons and a positrons? select the closest answer.

Answers

The energy associated with the anihilation of the electron and the positron is 1.638 * 10^-13 J.

What is anihilation of matter?

Matter is anihilted when it collides with its antimatter. We know that the positron is the antimatter of the electron. Now, we have the total mass of the system as; 2(9.109 x 10^-31 Kg) = 1.82 * 10^-30 Kg

Using the Eienstein relation;

E= mc^2

E = 1.82 * 10^-30 Kg (3 * 10^8)^2

E = 1.638 * 10^-13 J

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When the only force acting on a falling object is gravity, the object is said to be stationary.

Answers

Answer:

Because students associate pushes and pulls with moving or active objects they often believe that stationary or passive objects have no forces acting on them at all.

All of the following statements about invasive exotic species are true except:

Answers

The only statement that is not true about Invasive Species is; E. They tend to have low reproductive rates.

What are invasive species?

Invasive Species are simply defined as plant or animal species that invade ecosystems.

Now, these invasive species are mostly introduced to ecosystems from another ecosystem and as such immediately they establish themselves, will be out-competing native species for resources.

Invasive species generally have high reproductive capacities and efficient dispersal mechanisms. Thus, option E is the wrong option

The missing options are;

a. They may compete with native species for food.

b. They may prey on native species.

They are generally introduced by human activity.

d. They may be plant or animal species.

e. They tend to have low reproductive rates.

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In your own words, summarize the steps you took to complete the lab. Explain what the test (independent) variable was, and what the outcome (dependent) variable was

Answers

Answer:

En sus propias palabras, resuma los pasos que siguió para completar el laboratorio. Explique cuál fue la variable de prueba (independiente) y cuál fue la variable de resultado (dependiente)

Explanation:

Christine wants to buy a bicycle for her little brother. she receives a coupon in the mail for 5% off of a bicycle purchased at bikes and wheels. the bicycle her brother wants is $79. if she already has $50 saved, how much more does she need to purchase the bicycle using the coupon?

Answers

The amount she needs more to purchase the bicycle using the coupon is = $25.05

Calculation of total cost

The coupon Christine received from the mall = 5% off sales

The cost of the bicycle the brother wants is = $79

The amount she has saved is = $50

The amount she needs more to purchase the bicycle using the coupon is = X

But, 5% of 79 = 5/100× 79

= 395/100 = $3.95

This means that given the coupon she will purchase the bicycle = 79 - 3.95 = $75.05

Therefore X = $75.05 - $50

= $25.05

Therefore, the amount she needs more to purchase the bicycle using the coupon is = $25.05

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A company makes two different sized ice cream cones

Answers

Answer:

A company makes two different-sized ice cream cones. The smaller cones are 3.5 inches tall and have a diameter of 3 inches. 

Acids increase the concentration of hydronium ions in solution by donating hydrogen ions to water molecules.

Answers

Answer:true

explanation:

If the hydronium concentration increases, the pH decreases, causing the solution to become more acidic. This happens when an acid is introduced. As H+ ions dissociate from the acid and bond with water, they form hydronium ions, thus increasing the hydronium concentration of the solution

Luiza’s paragraph can best be described as a(n) detailed description. Informal viewpoint. Objective summary. Personal opinion

Answers

A paragraph is a piece of writing that has a specific idea and a point. Luiza’s paragraph on Sudanese Slit Drum is an objective summary.

What is an objective summary?

An objective summary is the synopsis of the text that does not includes judgments and opinion. It directly contains textual information and aids in understanding the whole text.

The objective summary includes the information directly from the text and lacks personal pronouns and perspective with no assessment of the writer.

Therefore, the paragraph is option C. objective summary.

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Fill in the blank with the correct form of the present perfect tense. ellos ___________ en california por 10 años. han vivado ha vivido han viviendo han vivido

Answers

The correct form of the present perfect tense is han vivdo. (Option D) Hence the correct sentence is:

"Ellos han vivido en California por 10 años"

What is "present perfect tense" in Spanish?

In Spanish, the present perfect tense (known as el pretérito perfecto) is created to indicate actions or activities that have happened recently and/or activities that are still true.

Examples are:

(yo) He comido.

I have eaten.

(ellos) Han comido.

They have eaten.

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Answer: D - han vivido

Explanation:

Choose the best spanish word to complete the sentence. no __________esas palabras. (don't write those words.) escribes escriben escrito escribas

Answers

Answer:Escribas

Explanation: edge2022

The best Spanish word required to complete the sentence is escribas.

What is verb conjugation?

In every language, there is a need for the use of verbs in sentence construction. This is because they are called action words and they make the sentence meaningful.

In the Spanish Language, the present tense conjugation -ar, -er, -ir verbs are used to emphasize things happening presently and for general truths.

From the given sentence:

no __________esas palabras;

The verb to be used must be a verb with suffice "-as"

i.e.

no escribas esas Palabras

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How did world war i change women's roles in the united states brainly

Answers

Answer:

When America entered World War I, the number of women in the workforce increased. Their employment opportunities expanded beyond traditional women's professions, such as teaching and domestic work, and women were now employed in clerical positions, sales, and garment and textile factories.

Explanation:

I hope this helps!

Which signs would likely need to be fingerspelled? most jobs, people whose name sign you do not know, and all movies and music only signs for people without a name sign or whose name sign you do not know people whose name sign you do not know, celebrities, movies, and music sporting activities, music, movies, and people whose name sign you do not know

Answers

The signs that would most likely be fingerspelled are; D) Sporting activities, music, movies, and people whose name sign you do not know

What are the fingerspelled signs?

Fingerspelling in American Sign Language (ASL) is defined as a system in which 26 one- handed signs represent the letters of the English alphabets.

Now, these signs are formed sequentially to spell out words borrowed from oral languages or even letter sequences.

In this question, the only option that represents signs that would need to be fingerspelled is Option D.

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The giant octopus lays 20,000 to 100,000 fertilized eggs. after hatching, most octopuses become prey to larger marine organisms, and less than 5% will reach adulthood to reproduce. one benefit of the giant octopus laying many eggs is to —

Answers

Answer:

increase the chance that more individuals will survive to maintain the population

Explanation

I looked it up on brainly and it has most sense aswell as I am A Proffesor at Harvard

One benefit of the giant octopus laying many eggs is to increase the chance that more individuals will survive to maintain the population.

What is Survival rates?

For organisms that serve as prey for another organism in the same ecosystem, the more their reproductive capacities, the better the chances of the population's continued existence in the ecosystem.The benefit derived from laying many eggs by the octopus is that it increases the chance that more individuals will survive to maintain the population.

Since only 5% of the number of offspring produced by octopuses only make it to adulthood, this means that the higher the number of offspring produced, the higher the chances of more making it to adulthood.The giant octopus lays 20,000 to 100,000 fertilized eggs. after hatching, most octopuses become prey to larger marine organisms, and less than 5% will reach adulthood to reproduce.

Therefore, One benefit of the giant octopus laying many eggs is to increase the chance that more individuals will survive to maintain the population.

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The incident command system (ics) and nims are the same, and these terms can be used interchangeably.

Answers

The incident command system (ICS) and National Incident Management System (NIMS) are the same, and these terms can be used interchangeably: False.

What is ICS?

ICS is an abbreviation for incident command systems and it can be defined as a subset of the National Incident Management System (NIMS) which is typically used for planned events, as well as for emergencies and coordinated responses in various business organizations or circumstances.

This ultimately implies that, incident command system (ICS) and National Incident Management System (NIMS) are not the same, and these terminologies cannot be used interchangeably because they mean different things.

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Marine snow is _______. a. pieces of organic matter that were once part of living organisms b. a mixture of living plankton c. snow from land that has entered aquatic ecosystems d. large salt crystals that have not dissolved in ocean water please select the best answer from the choices provided a b c d

Answers

Pieces of organic matter that were once part of living organisms

The doctor said i had my meal at the restaurant and returned to my room change into reported speech

Answers

That’s crazy I’m not sure what to say

Carla weaves a rug in six days. She weaves two feet on the first day. She weaves 1/2 foot on each of the next two days. She weaves 14 inches on each of the three days. How many inches of rug does Carla weave in all

Answers

Answer:

Explanation:

Chart

Day                          Raw Dats                 Decimal Form

Day One                  2 feet                       2.0 feet

Day Two                  1/2 foot                     0.5 feet

Day Three                1/2 foot                     0.5

Day Fout                   1.167                          1.167

Day Five                    1.167                          1.167

Day Six                      1.157                           !.167

Total in Feet                                               6.5 feet.

Notes

1.67 is actually 1 1/6 feet. When mulctiplied by three 1 1/6 * 3 = 3 and 1/2 feet                                    

Convert 6.5 feet to inches

6.5 * 12 = 78 inches.

Answer

The rug was 78 inches long

What do readers learn about the setting in this excerpt? the weather is cloudy on the day of the party. The community anxiously awaits the gathering. Only a few neighbors are invited to the party. Only bilbo is concerned with the weather

Answers

Answer:

B

Explanation:

The community anxiously awaits the gathering.

The community anxiously awaits the gathering readers learn about the setting in this excerpt. Thus, option B is correct.

What is an excerpt?

An excerpt can be defined as when a person needs the reader or listener to know some important things but want to say. From a bigger paragraph or a sentence, only a small part is taken then that part is called an excerpt.

The excerpt from the fellowship of the organization suggests that People were just really worried about the turnout on the evening well before the party because it was cloudy outside.

Thus, on September 22nd, the day preceding the celebration, the sun rose, the clouds parted, the flag got flown, and the excitement got started. The event then got started. Therefore, option B is the correct option.

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The question is incomplete, the complete question is:

Read the excerpt from The Fellowship of the Ring. Then the weather clouded over. That was on Wednesday the eve of the Party. Anxiety was intense. Then Thursday, September the 22nd, actually dawned. The sun got up, the clouds vanished, flags were unfurled and the fun began. Bilbo Baggins called it a party, but it was really a variety of entertainments rolled into one. Practically everybody living near was invited. A very few were overlooked by accident, but as they turned up all the same, that did not matter.

How many​ 3-inch thick bags of mulch should noemi buy to cover 100 square feet at a depth of 4​ inches?

Answers

Seventeen, 3-inch thick bags of mulch should be used to cover 100 square feet at a depth of four inches.

What are inches and meters?

Inches and meters are the units to measure the length or the depth of the objects.

Given,

The length of the bag of mulch = 3.2 ft

The width of the bag of mulch = 2.5 ft

The thickness of the bag of mulch = 0.25 ft

The volume of the mulch bag is calculated as:

[tex]\begin{aligned} \rm volume &= \rm length \times width \times thickness\\\\&= 3.2 \times 2.5 \times 0.25\\\\&= 2 \;\rm cubic \; feet\end{aligned}[/tex]

Given,

The area to be covered = 100 square feet

The depth of the area = [tex]\dfrac{1}{3}[/tex] feet

The volume of the portion needed to be covered is calculated as:

[tex]\begin{aligned} \rm Volume &= \rm area \times depth\\\\&= 100 \times \dfrac{1}{3}\\\\&= 33 \; \dfrac{1}{3} \;\rm cubic \; feet\end{aligned}[/tex]

The number of bags is calculated as:

[tex]\dfrac{ 33 \; \frac{1}{3} }{2} = 16.66[/tex]

Therefore, 17 bags are needed.

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What was the price of sft legal yesterday? a. $47.17 b. $56.11 c. $50.37 d. $61.85

Answers

Answer:

c

Explanation:

took test

Answer:

Is C. 50.37

Explanation:

I see the answer on Quizlet

The moment of inertia about the axis of a solid cylinder is _____ the moment of inertia of a cylindrical shell having the same mass and radius.

Answers

The moment of inertia about the axis of a solid cylinder is less than the moment of inertia of a cylindrical shell having the same mass and radius.

How to calculate moment of inertia?

Mathematically, the moment of inertia for a solid cylinder is calculated by using this formula:

I = (1/2)mr²

Where:

m is the mass.r is the radius.

In conclusion, the moment of inertia about the axis of a solid cylinder would be less than the moment of inertia of a cylindrical shell that has the same mass and radius because the mass of the solid cylinder must be taken near the axis of rotation, which makes it smaller.

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People with schizophrenia often have disturbed perceptions, such as __________, which are sensory experiences without sensory stimulation

Answers

Answer:

the word in the blank is: Hallucinations

Explanation:

hope this helped

A student government organization is selling christmas trees

Answers

Answer:

To raise money.

Explanation:

Because they need it and people need Christmas trees

Tammy’s last four homework scores were 68, 76, 70, and 74. The mean absolute deviation of her scores is. Tammy worked hard on yesterday’s assignment and feels confident that this homework score will be at least a 90. Predict what will happen to her mean absolute deviation if she is correct:. Tammy was correct. She earned a 92! the new mean absolute deviation of her homework scores now that they are 68, 76, 70, 74, and 92 is:

Answers

With data of 68, 76, 70, and 74,

The mean absolute deviation of the set of scores that Tammy has is given as 3.The prediction is going to be that her MAD would go up.With Data of 68, 76, 70, 74 and 92, her MAD is 6.4

How to solve for the Mean Absolute deviation (MAD) on excel

1. To solve this, I made use of the excel formula

This is formula is given as =AVEDEV(A1:A4)

The MAD in the first part is = 3

The data in the first part is contained from A1 to A4

2. If Tammy happens to be correct then the prediction for his absolute deviation is that it is going to go up.

3. After earning a 92, her MAD is going to be:

=AVEDEV(A9:A13)

= 6.4

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Suppose a certain scale is not calibrated correctly, and as a result, the mass of any object is displayed as 0. 75 kilogram less than its actual mass. What is the correlation between the actual masses of a set of objects and the respective masses of the same set of objects displayed by the scale?

Answers

The correlation between the actual masses of a set of objects and the respective masses of the same set of objects displayed by the scale is; 1

What is the Correct Scale Calibration?

We are told that a certain scale is not calibrated correctly,

Mass displayed = 0.75 kg (less than its actual mass).

The scale of display = 1

Thus, the correlation between actual mass and displayed mass is 1 due to the fact that correlation is independent of change of origin and scale and correlation between any value and value minus 0.75 will be one.

Thus, the correlation between the actual masses of a set of objects and the respective masses of the same set of objects displayed by the scale is 1.

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Solve using order of operation 2y+7= negative 7 PLEASE HELP ME ASAPUse the excerpt from William Graham Sumner, "On Empire and the Philippines" (1898)What future did William Graham Sumner predict for the American occupation of the Philippines? True or FalseGross Domestic Product (GDP) is an economic indicator that can be used to understand Ancient Rome. The graph of an exponential function is shown. Based on this graph, which statement about the function is true? A) The range is the set of all real numbers less than 3. B) The domain is the set of all real numbers less than 3. C) The range is the set of all real numbers greater than 4. D) The domain is the set of all real numbers greater than 4. Summary for tangerine book by Edward bloor one pager ASAP DUE TMMR A lever has an input arm that is 2 meters long and anoutput arm that is 3 meters long. What is the mechanicaladvantage? Does this lever multiply force? Why or why not Explain peninsula of peninsulas when referring to Europe How did Indigenous peoples treat the land and nature?A. They used the land to quickly gain wealth. B. They grew profitable crops, such as sugarcane. C. They mined for metals, such as silver and gold. D. They used resources carefully and revered nature. The slope of a line describes the __________.A.change in horizontal direction over the change in vertical direction.change in vertical direction over the change in horizontal directionC.run over the riseD.distance between two points Write the quadratic equation in factored form. Be sure to write the entire equation.x 2 + x - 12 = 0 M1 is the narrowest definition of the money supply. It includes currency in circulation, checking account deposits and travelers checks. The statements refer to factors that can affect the money multiplier. Label each statement as true or false.1. The total change in the M1 brought about by the money multiplier is affected by the amount of deposits made by households and businesses.2. Banks must lend out all their excess reserves in order to change the M1 money supply.3. The Federal Reserve (Fed) has very little effect on the money multiplier.4. The state of the economy can affect the amount of excess reserves that banks keep on reserve, thereby affecting the impact of the money multiplier. what is the area if the length is 12 in. and the width is 2 in. Does the ordered pair (2,1) satisfy the following system of equations? A school has 320 students.9 students in every 16 speak EnglishHow many students speak English? A websites profit as a function of visitors is represented in the table. The function is quadratic. Visitors (thousands) Monthly profit ($ thousands)0 0 0. 5 -101 02 803 240Select from the drop-down menu to correctly complete the sentence. The y-intercept represents At a food donation drive, the initial ratio of canned drinks to canned food was 3 : 7. The ratio became 5 : 7 after a donation of additional 128 canned drinks were made. How many cans of food were there? OLZ HELP ILL MARK AS BRAINLESTfind the slope How many ways can a cook arrange 8 of 12 spice jars on a spice rack? 495 11,880 19,958,400 479,001,600 Please help the this is the last one I promise but please help cause French is really hard A triangle has sides with lengths of 15 meters, 36 meters, and 39 meters. Is it a right triangle?