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.

To know more about Interest Rate

brainly.com/question/13324776

#SPJ1


Related Questions

What is formed when the number of electrons is changed?

Question 2 options:

isotope


radioisotope


a new element


ion

Answers

Answer:

A New Element

An ion is formed. Change of electrons = ionizing the element!

1. What reasons did the members of the Constitutional Convention have for creating the Electoral College?
2. How have voters in America changed since the Constitution was created?

3. Should the Electoral College continue to be used? Why or why not? Use examples from your research to support your answer.

Please help me~!!

Answers

Answer:

Non veg se mujhe Run movie ka kawuaa biryaani yaad aa gya

Step-by-step explanation:

Accha bhai koi mujhe batao  

Pahle murgi ya anda  

Wait your answer

Find the Area of the figure below, composed of a parallelogram and one semicircle. Rounded to the nearest tenths place


Answers

Hi,

Recall that the area of a parallelogram is the product of the base b and the height or "altitude" h. So the formula is : b * h. b = 20 here, and h = 6, so we get : 20 * 6 = 120.

Now we have to compute the area of the semicircle, remember the formula for the area of a circle is : πr² where r is the radius of the circle. If we watch the figure, we already have the value of the diameter d = 8. So the radius is equal to half the diameter : r = 8 /2 = 4

Now applying the formula we get : πr² = π * 4² ≈ 50.3 rounded to the nearest tenth place.

But we don't wont the area of the circle, we want half the area of it, since it's a semicircle : πr² / 2 ≈ 25.1 rounded to the nearest tenth place.

Now to get the whole area of the figure, we need to sum the area of the parallelogram with the area of the semicircle : 120 + 25.1 ≈ 145.1 rounded to the nearest tenth place.

Good Luck

If
f(x) = 6x2 − x3,
find f '(1) and use it to find an equation of the tangent line to the curve
y = 6x2 − x3
at the point (1, 5).

Answers

Evaluate the derivative of f(x) at x = 1. I'll use the limit definition:

[tex]\displaystyle \lim_{x\to1} \frac{f(x)-f(1)}{x-1} = \lim_{x\to1} \frac{6x^2-x^3-5}{x-1} = \lim_{x\to1}(-x^2+5x+5) = 9[/tex]

Then using the point-slope formula, the equation of the tangent line to f(x) at the point (1, 5) is

y - 5 = 9 (x - 1)

y = 9x - 4

The equation of "tangent-line" to the curve "y = 6x² - x³" at the point (1, 5) is : y = 9x - 4.

To find the derivative of the function f(x) = 6x² - x³, we differentiate each term with respect to x:

f(x) = 6x² - x³,

f'(x) = d/dx (6x²) - d/dx (x³),

f'(x) = 12x - 3x²,

Now, we need to find f'(1), which means evaluating derivative at x = 1;

f'(1) = 12(1) - 3(1)²,

f'(1) = 12 - 3,

f'(1) = 9,

The slope of tangent-line at point (1, 5) is given by f'(1), which is 9;

Using the point-slope form of equation of line (y - y₁ = m(x - x₁)), where m = slope and (x₁, y₁) is the given point (1, 5);

⇒ y - 5 = 9(x - 1),

Simplify the equation:

⇒ y - 5 = 9x - 9,

⇒ y = 9x - 4,

Therefore, the required equation of tangent-line is y = 9x - 4.

Learn more about Tangent Line here

https://brainly.com/question/31617205

#SPJ3

PLEASE HELP ITS MATH THANK YOUUUU

Answers

2m. 2 meters is the answer
The answer is 1cm = 2m

Which type of function best models the data in the set of ordered pairs?
(-2, 16),(-1, 8), (0,4), (1, 2), (2,1)
Your answer:
A.Linear
B.Quadratic
C.Exponential

Answers

Answer:

C) Exponential

Step-by-step explanation:

If you divide the consecutive y-values, you'll get a consistent result of 2:

16/8 = 2

8/4 = 2

4/2 = 2

2/1 = 2

This type of pattern corresponds to an Exponential Function.        

list five rational numbers between -1 and 0​

Answers

Answer:

-1 ,-1/2 , -3/4 , -1 /4, -5 / 8 , -7 / 8 , -13 / 16, 0.

Step-by-step explanation:

1/2 : 10 = 2 12 : x
What is the value of x

Answers

I am probably wrong but with the math I do I got 35

Match the following sentences on the left with their algebraic expression on the right.

Answers

a. The product of 5 and the sum of a number and 8

Product means multiplied, so that means 5 multiplied by some number plus 8, thus, 5(x+8)

b. A number less than 12

12-x would equal less than

c. The product of five and a number divided by 2

Again, product means multiplied, so its saying 5 times something, all divided by 2, thus, 5x/2

Please give brainliest :) hope this helps!

Answer:

A number less than twelve = 12 - x = b

The product of five and a number divided by two = 5x/2 = c

The product of five and the sum of a  number and eight = 5(x+8) = a

Step-by-step explanation:

A number less than twelve

12 minus a number

12 - x

The product of five and a number divided by two

A number times 5 divided by 2

5x/2

The product of five and the sum of a  number and eight

A number plus 8 times 5

(x+8)*5

5(x+8)

Plz help I need help

Answers

O y = 5x + 1 Oy= 1/5x y = -x Oy= -5(x + 1)

Given matrices A and B shown below, find (−4)A+(−9)B.

Answers

see the answer in the attached picture.

hhhhhhhhhhhheeeeeeeelllllllllllpppppppppppp me

Answers

I might be wrong but im pretty sure the answer is B.

Can someone help me on this question! It’s really confusing

Answers

is that all of the question?

How to factor 3x³+3x²-36

Answers

Answer:

[tex]3(x - 2) (x^2 + 3x + 6)\\[/tex]

Step-by-step explanation:

Firstly, divide all parts of the equation by 3:

[tex]3x^3 + 3x^2-36[/tex]

[tex]3(x^3 + x^2-12)[/tex]

Now focus on the equation:

[tex]x^3 + x^2-12[/tex]

We know that the equation can be factored using x so we know that (x +- unknown) is the factor. We need to find the easiest way to factor this, lets find the factors of 12:

1 12

2 6

3 4

1 and 12 won't work so let's try 2 and 6, initially start as a negative 2:

[tex]\frac{ x^3 + x^2 - 12}{x - 2}[/tex] = [tex]x^2 + 3x + 6[/tex]

We can confirm this is simplified by multiplying together:

[tex](x - 2) (x^2 + 3x + 6)[/tex]

[tex]x* x^2 = x^3\\x * 3x = 3x^2\\x * 6 = 6x\\-2 * x^2 = -2x^2\\-2 * 3x = 6x\\-2 * 6 = -12[/tex]

= [tex]x^3 + x^2 - 12[/tex]

Meaning it is simplified.

Now, put the equations together:

[tex]3(x - 2) (x^2 + 3x + 6)\\[/tex]

Hope this helps!

Who does edge still in 2021?

Answers

Everyone uses this sofware to develop there decent knowledge about different courses that are best taught by Artificial Intelligence (A.I.).

3+(-5)+9-12÷2

lol easy

Answers

The answer is 1 Do you want me to explain or nah

x + 2y = 10

y=x-4
Choices are:
(0,4)
(2,6)
(6,2)
(8,0)
Work shown

Answers

It is c(6,2) brainliest plzzz

Adjoa’s gross salary for last month was Ghc4,687.24. If Ghc421.78 was deducted from Adjoa’s salary pay, how much take-home pay did Adjoa earn this past month?

Answers

Adjoa's got 4265.46 Ghc as his take home pay for the past month.

The question gave us his gross salary, which means everything he earned. At the same time, giving us a particular number as deduction. To calculate the net salary, all we have to do is to subtract the deduction from the gross salary, And thus;

4687.24 - 421.78 = 4265.46 Ghc

to learn more, see here  https://brainly.com/question/16688602

What is the measure of 1

Answers

Answer:60

Step-by-step explanation:The measure of 1 is 60 because it's only half the size of 120

5
6

Question 19 (5 points)
Simplify by using long division:
x+2x-6
8
9
x-2
.
A) x + 4 - 22
4
x-
11
12
>
B) x +4 +
14
15
C) x + 2 +
17
18
D) x + 2 -
2-42

20
Question 20 (5 points)

Answers

Answer:

1. 2/5

2. 3/20

3. 6 1/9

4. 1/5

5. 11

6. 1

7. 3/13

8. 1 5/11

9. 2

10. 6 1/2

11. 20/27

12. 2 3/16

13. 4 13/18

14. 1 45/98

Hope this helps!

Step-by-step explanation:

given deductions for this week: federal tax $61.34, FICA $52.05, and state $7.92 what is the annual federal tax deduction?
- $6,308,.12
-$3,189.68
-$3,152.06
-$1,594.84​

Answers

Given the weekly deductions raised, the annual Federal Tax deduction is $ 3,189.68.

Given that the deductions for the week were: Federal Tax $ 61.34, FICA $ 52.05, and State $ 7.92; To determine what is the annual Federal Tax deduction, the following calculation must be performed:

The weekly deduction must be multiplied by the number of weeks that a year has, to obtain the final amount of taxes.

$ 61.34 x 52 = X $ 3,189.68 = X

Therefore, the annual Federal Tax deduction is $ 3,189.68.

Learn more in https://brainly.com/question/25225323

Rewrite the linear equation in the form y = mx + b.

x + 2y = -8 ​

nonsense answers will be reported.

Answers

Please find attached photograph for your answer.

What is the missing term in the factorization?

100x2−36=4(5x+?)(5x−3)



Enter your answer in the box.

Answers

Answer:

100x^2-36=4(5x+3)(5x-3)

Evaluate the function for each input listed in the table, and graph the resulting ordered pairs on the coordinate plane.

x f(x) = 2x
0
1
2
3
4

Answers

Answer:

0

2

4

6

8

Step-by-step explanation:

f(x) = 2x

f(0) = 2 * 0 = 0

f(1) = 2 * 1 = 2

f(2) = 2 * 2 = 4

f(3) = 2 * 3 = 6

f(4) = 2 * 4 = 8

The complete table of the linear function f(x) = 2x for x = 0 to 4 is:

x     0   1    2   3  4  

f(x)  0   2   4   6   8

How to evaluate the function values?

The function is given as:

f(x) = 2x

When x = 0, we have:

f(0) =2(0) = 1

When x = 1, we have:

f(1) =2(1) = 2

When x = 2, we have:

f(2) =2(2) = 4

When x = 3, we have:

f(3) =2(3) = 6

When x = 4, we have:

f(4) =2(4) = 8

So, the complete table is:

x     0   1    2   3  4  

f(x)  0   2   4   6   8

Read more about linear functions at:

https://brainly.com/question/14323743

Janice is a travel agent. She receives a 7% commission based on the value of the trips she
books. Today she spent 5 hours arranging a $6,300 cruise for a couple.

Answers

Based on her commission percentage, Janice was able to earn $441 in commission which translates to $88.20 per hour

The commission that Janice earned is found by:

= Commission percentage x Value of trip booked

= 7% x 6,300

= $441

The amount she earned per hour is therefore:

= Commission earned / Number of hours worked

= 441 / 5

= $88.20

In conclusion, Janice earned $441 in commission and earned $88.20 per hour.

Find out more at https://brainly.com/question/14473634.

The rest of the question is:

a. How much commission did she earn?

b. What was her mean hourly pay for the work she did?


There is an equation that has a slope of 3 and it crosses the y-axis at (0, -1).
What is the equation of this line?

Answers

Answer: y = 3x - 1

Step-by-step explanation:

y = 3x + c

-1 = 3(0) + c

-1 = 0 + c

-1 - 0 = c

-1 = c

y = 3x - 1

Are constants like terms

Answers

Step-by-step explanation:

yes , all constant are like terms.

PLEASE HELP ME ITS ALGEBRA THANK YOUUUU

Answers

Answer:

2924

Step-by-step explanation:

2752 ÷ 16 = 172 ← number of points per coin

After collecting 17 points he will have collected

2752 + 172 = 2924 points in total

Answer:

2924

Step-by-step explanation:

carlos registro la altura de una planta cada una semana y se dio cuenta que esta crecio constantemente 3 cm durante las primeras 4 semanas. cuando comenzó a realizar las mediciones lq planta media 12cm ¿ cuál es la variable dependiente y la independiente? ​

Answers

Answer:

yo soy inteligente

Step-by-step explanation:

pero no me se la respuesta de la perunta

Determine the better buy. A: $9.60 for 3 gallons B: $16.00 for 400 fl ounces
1 gallon = 128 fl ounces

Answers

Answer:

A is better, you pay 0.015 less than option B.

Step-by-step explanation:

1 gallon = 128 oz so:

3 x 128 =  384 oz

9.60 / 384 = $0.025 per oz

16.00 / 400 = $0.04 per OZ

Other Questions