A payday loan company charges a $90 fee for a $500 payday loan that will be repaid in 16 days.

Treating the fee as interest paid, what is the equivalent annual interest rate?

Answers

Answer 1

Answer:

Kindly check explanation

Step-by-step explanation:

Given :

Interest amount paid on loan = $90

Principal value, amount borrowed = $500

Period, t = 16 days

The equivalent annual interest :

Using the simple interest formula :

simple interest = principal * rate * time

Using, days of year = 365

Plugging in the values into the formula :

90 = 500 * rate * (16/365)

90 = 500 * rate * 0.0438356

90 = 21.917808 * rate

Rate = 90 / 21.917808

Rate = 4.10 = 4.10 * 100% = 410%

If days of year = 360 is used :

90 = 500 * rate * (16/360)

Rate = 90 / 22.222

Rate = 4.05 = 4.105 * 100% = 405%


Related Questions

Calculus3 - Infinite sequences and series ( URGENT!!)​

Answers

Answer:

Limit=0

Converges

Absolutely converges

Step-by-step explanation:

If [tex]a_n=\frac{2^n n!}{(3n+4)!}[/tex]

then [tex]a_{n+1}=\frac{2^{n+1} (n+1)!}{(3(n+1)+4)!}[/tex].

Let's rewrite [tex]a__{n+1}[/tex] a little.

I'm going to hone in on (3(n+1)+4)! for a bit.

Distribute: (3n+3+4)!

Combine like terms (3n+7)!

I know when I have to find the limit of that ratio I'm going to have to rewrite this a little more so I'm going to do that here. Notice the factor (3n+4)! in [tex]a_n[/tex]. Some of the factors of this factor will cancel with some if the factors of (3n+7)!

(3n+7)! can be rewritten as (3n+7)×(3n+6)×(3n+5)×(3n+4)!

Let's go ahead and put our ratio together.

[tex]a_{n+1}×\frac{1}{a_n}[/tex]

The second factor in this just means reciprocal of [tex]{a_n}[/tex].

Insert substitutions:

[tex]\frac{2^{n+1} (n+1)!}{(3(n+1)+4)!}×\frac{(3n+4)!}{2^nn!}[/tex]

Use the rewrite for (3(n+1)+4)!:

[tex]\frac{2^{n+1} (n+1)!}{(3n+7)(3n+6)(3n+5)(3n+4)!}×\frac{(3n+4)!}{2^nn!}[/tex]

Let's go ahead and cancel the (3n+4)!:

[tex]\frac{2^{n+1} (n+1)!}{(3n+7)(3n+6)(3n+5)}×\frac{1}{2^nn!}[/tex]

Use 2^(n+1)=2^n × 2 with goal to cancel the 2^n factor on top and bottom:

[tex]\frac{2^{n}2(n+1)!}{(3n+7)(3n+6)(3n+5)}×\frac{1}{2^nn!}[/tex]

[tex]\frac{2(n+1)!}{(3n+7)(3n+6)(3n+5)}×\frac{1}{n!}[/tex]

Use (n+1)!=(n+1)×n! with goal to cancel the n! factor on top and bottom:

[tex]\frac{2(n+1)×n!}{(3n+7)(3n+6)(3n+5)}×\frac{1}{n!}[/tex]

[tex]\frac{2(n+1)}{(3n+7)(3n+6)(3n+5)}×\frac{1}{1}[/tex]

Now since n approaches infinity and the degree of top=1 and the degree of bottom is 3 and 1<3, the limit approaches 0.

This means it absolutely converges and therefore converges.

The mean birth weight for children born in a certain country at full term (after 40 weeks) is 3500grams; the standard deviation for birth weight is 500 grams. The shape of the distribution is symmetric and unimodal. About 34% of the weights are between what two values?

Answers

Answer:

About 34% of the weights are between 3280 grams and 3720 grams.

Step-by-step explanation:

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Mean of 3500 grams, standard deviation of 500 grams.

This means that [tex]\mu = 3500, \sigma = 500[/tex]

About 34% of the weights are between what two values?

Between the 50 - (34/2) = 33rd percentile and the 50 + (34/2) = 67th percentile.

33rd percentile:

X when Z has a p-value of 0.33, so X when Z = -0.44.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]-0.44 = \frac{X - 3500}{500}[/tex]

[tex]X - 3500 = -0.44*500[/tex]

[tex]X = 3280[/tex]

67th percentile:

X when Z has a p-value of 0.67, so X when Z = 0.44.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]0.44 = \frac{X - 3500}{500}[/tex]

[tex]X - 3500 = 0.44*500[/tex]

[tex]X = 3720[/tex]

About 34% of the weights are between 3280 grams and 3720 grams.

tan ydx - x ln xdy=0

Answers

Answer:

Uuuzu7ggijjrudidjdiwisiwiwieie

The waiting times between a subway departure schedule and the arrival of a passenger are uniformly distributed between and minutes. Find the probability that a randomly selected passenger has a waiting time minutes.Find the probability that a randomly selected passenger has a waiting time minutes.

Answers

Answer:

Incomplete question, but the concepts of the uniform distribution needed to solve this question are given here.

Step-by-step explanation:

Uniform probability distribution:

An uniform distribution has two bounds, a and b.

The probability of finding a value of at lower than x is:

[tex]P(X < x) = \frac{x - a}{b - a}[/tex]

The probability of finding a value between c and d is:

[tex]P(c \leq X \leq d) = \frac{d - c}{b - a}[/tex]

The probability of finding a value above x is:

[tex]P(X > x) = \frac{b - x}{b - a}[/tex]

The waiting times between a subway departure schedule and the arrival of a passenger are uniformly distributed between a and b minutes.

From here, we get the values of a(smallest value) and b(highest value).

Question of the probabilities:

In the two probability questions, you will get the value of x, and will apply one of the three formulas given above, depending on the question, to find the desired probability.

A burger place sells vanilla and chocolate shakes in two sizes, small and large. If 62% of shakes sold are vanilla flavor, 46% are size large, and 23% are large vanilla shakes which size/flavor combination is the most popular? (i.e. has the highest percentage)

Answers

Answer:

25 gfstuhfujjjjjgredeetuu

Solve for x. Round to the nearest hundredth.

A. 0.02
B. 25.17
C. 0.03
B. 12.27

Answers

Answer:  Choice D)  12.27

Work Shown:

cos(angle) = adjacent/hypotenuse

cos(64) = x/28

x/28 = cos(64)

x = 28*cos(64)

x = 12.2743921100941

x = 12.27

A plane travels a distance of 22,000 km in a time of 3.6 hours.
What is its average speed rounded to the nearest whole number?
in km/h​

Answers

Answer:

6111 km/hr

Step-by-step explanation:

Given

Distance travels by plane d=22,000 km

time taken t=3.6 hours

If my answer is incorrect, pls correct me!

If you like my answer and explanation, mark me as brainliest!

Which of the following question is not considered a statistical question?

Answers

Answer:

B. How many total customers were at the story today?

Step-by-step explanation:

Option 'B' is not a statistical question because there is not more than one answer.

There is only one answer to this question.

Option 'A,' 'C,' and 'D' are statistical questions because there is more than one answer.

What amounts did each person at the store spend on their purchase?

This question has more than one answer.

How long did each customer spend shopping at the store?

What are the heights of each customer who entered the store?

These questions have more than one answer as well.

Statistical questions are questions that have more than one answer. This means you can collect data.

I, therefore, believe that option 'B' is not a statistical question.

You have some marbles. When you make a shape of an equilateral triangle, you either have 4 extra, or you need 28 more to complete the shape. How many marbles do you have? How long is a side of the biggest equalateral triangle that you can make make with your marbles?

Answers

Answer:

You have 500 marbles.

The longest side of the biggest equalateral triangle that you can make with your marbles is 31

Step-by-step explanation:

28 + 4 = 32

So our equation is:

TR(32) - 28

Now find Triangular Number 32: (32 *33)/2=528

528 - 28 = 500

So, we have 500 marbles

Now we need to find the longest side of the biggest equalateral triangle that you can make make with your marbles

Let's go back to 28 + 4 = 32

One row above 32 is 31

So the longest side of the biggest equalateral triangle that you can make with your marbles is 31

Hope this helps!

if 4 men can do a piece of work in 12 days, how many days will 6 men take.​

Answers

Answer: 2 days

Step-by-step explanation:

M   D   W

4    3   12

6    2   12

five times the sum of the digits of a two digit number is 9 less than the number formed by reversing its digits . if four times the value of the digit at ones place is equal to half of the place value of the digit at tens place, find the numbers​

Answers

9514 1404 393

Answer:

  45

Step-by-step explanation:

Let x and y represent the tens and ones digits, respectively. The 5 times the sum of digits is 5(x+y). The value of the digit-reversed number is (10y+x), so the required relation is ...

  5(x +y) = (10y +x) -9

The other relationship between the digits is given as ...

  4y = 1/2(10x)

A graphing calculator shows the solution to these equations is (x, y) = (4, 5).

The two-digit number is 45.

__

Additional comment

You can solve these equations in any of a variety of ways. Using a graphing calculator to find integer solutions is fast and easy, so is one of my favorites. Here, the coefficients on one equation are not easy multiples of those in the other, so substitution and/or elimination can get messy. In this situation, I like to use the "cross-multiplication" method, which starts with the equations in general form:

4x -5y +9 = 05x -4y +0 = 0

From the coefficients of these equations, differences of cross products are formed:

d1 = 4(-4) -(5)(-5) = 9d2 = -5(0) -(-4)(9) = 36d3 = 9(5) -0(4) = 45

Then the solutions are the solutions to 1/d1 = x/d2 = y/d3:

x = d2/d1 = 36/9 = 4y= d3/d1 = 45/9 = 5

(x, y) = (4, 5)   ⇒   the number is 45.

__

This method is one of several variations of Cramer's Rule, the general solution of systems of linear equations using matrix methods.

plsssss help it’s timed!!!!!!

Answers

Answer:

the answer to this question is 36.86989°

What is 2/3 – (-2/3)
?A.-4/3
B.4/3
C.0
D.2/3

Answers

Answer:

It's C, they both cancel each other out

So the answer is C because it is the same fractions and they both are canceling each other out so it C

Hope this helps :)

find the value of c to the nearest tenth​

Answers

9514 1404 393

Answer:

  x ≈ 9.3

Step-by-step explanation:

The relevant trig relation is ...

  Cos = Adjacent/Hypotenuse

  cos(50°) = 6/x

Solving for x gives ...

  x = 6/cos(50°) ≈ 9.3343

  x ≈ 9.3

__

There is no 'c' to find the value of.

Answer:

x ≈ 9.3

Step-by-step explanation:

Since , this is right triangle, we can use trigonometry functions;

cos θ = Adjacent side / Hypotenuse

Where, θ = 50°

Hypotenuse = xAdjacent side = 6

Solve for x

cos 50° = 6 / x

Multiply both side by x

cos 50° × x = 6 / x × x

cos 50° × x = 6

divide cos50° by both sides

cos 50° / cos 50° × x = 6 / cos 50°

x = 6 / cos 50°

x ≈ 9.33434296

Nearest tenth :- x ≈ 9.3

-2 1/2 - (-1 3/4) ? ​

Answers

Answer:

- 3/4

Step-by-step explanation:

-2 1/2 - (-1 3/4)

Subtracting a negative is like adding

-2 1/2 + (1 3/4)

Get a common denominator of 4

-2 2/4 + 1 3/4

The signs are different so we subtract and take the sign of the larger

2 2/4 - 1  3/4

Borrowing from the 2

1 4/4 + 2/4 - 1 3/4

1 6/4 - 1 3/4

3/4

2 2/4 was larger and it was negative so we add a negative sign

- 3/4

What’s the answer to this question?

Answers

Answer:

f(x) = x/8

Step-by-step explanation:

f(x) = y

y = 8x

switch the x and y

x = 8y

solve for y

X/ 8 just solved good luck bestie

can anyone help me in this questions​

Answers

Step-by-step explanation:

3.

1.4191919... = 1405/990

4.

(2/5) and (1/2)

Sudoku ayúdeme por fa resolviendo

Answers

Answer:

7

Step-by-step explanation

v:numero de mi dios  vegetta

Inflation is running 1.1% per year when you deposit $5,000 in an account earning 4.4% compounded continuously. In constant dollars, how much money will you have 6 years from now?
a. $6439.80
b. $6097.01
c. $1169.51
d. $6510.64

Answers

I think answer should be d. Please give me brainlest let me know if it’s correct or not okay thanks bye

The value of the money including inflation after 6 years will be $6510.64.

What is inflation?

The rate at which prices grow over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living. But it may also be computed more precisely for some products, like food, or for services, like a haircut, for instance. In any situation, inflation refers to how much more costly the pertinent collection of products and/or services has grown over a predetermined time frame, most frequently a year.

Given that, Inflation is running at 1.1% per year when you deposit $5,000 in an account earning 4.4% compounded continuously.

deposit amount (P) = $ 5000

Rate (r) = 4.4 %

Time (t) = 6 years

Compound continuously

Amount (A)= 5000 e⁰°⁰⁴⁴ˣ ⁶

A = $ 6,510.64098

A = $ 6510.64

Total accumulated money after 6 years = $ 6,510.64

value of money decreases due to inflation

The real value of money after n years with the rate of inflation i = 1.1%

yₙ = A( 1 / (1+i) )ⁿ

y₆ = 6510.64 (1 / ( 1 + 0.011))⁶

y₆ = 6,097.008

Real value of money = $ 6,097.01

Therefore, after 6 years real value of the money including inflation will be $ 6,097.01.

Learn more about inflation here:

https://brainly.com/question/29308595

#SPJ5

There is a study on exercise and health: a group of women who have been exercising regularly for 5 years are grouped and given a wellness exam and compared to a group of women who have not exercised in the past five years. What kind of data collection is this?


Experiment

Survey

Simulation

Observational Study

Answers

Answer:

Survey Data Collection.

Step-by-step explanation:

This is a survey because there are survey questionnaires (wellness exam).

Answer:

Observational Study Is the Answer

Give an example of reciprocals?

Answers

Answer:

1/6 = 6

1/7 = 7

1/8 = 8

24/5 = -1/5 or 5

Step-by-step explanation:

CAN SOMEONE HELP WITH THE STEPS THXX

Answers

4 for #1
1.3 for #2
Rate this 5 stars please

expression 6 times 50

Answers

Answer:

6x50=300

Step-by-step explanation:

because math

Answer:

6*50

HOPE THIS HELPS

- Todo ❤️

Step-by-step explanation:

6*5=30*10=300

What are the coordinates of B’ if the figure is reflected across the x-axis?


What is the mapping rule for finding the coordinates of a figure reflecting across
A) the x-axis (x,y) ->
B) the y-axis (x,y) ->

Answers

Answer:

Step-by-step explanation:

B( 3, -3) given the figure

B' ( 3, 3) because the x-axis intersects the mid point between B and B'

A) (x, y) reflected across x-axis becomes ( x, -y)

B) (x, y) reflected across y-axis becomes ( -x, y)

Amy has 2437 stamps and Maria had 1347 stamps. Amy gave some stamps to Maria. In the end, Maria had 3 times as many stamps as Amy. How many stamps did Amy have in the end?​

Answers

Answer:

946

Step-by-step explanation:

Let :

Amy's stamp = 2437

Maria's stamps = 1347

Let Number of stamps Amy gave to Maria = x

After Giving stamps to Maria ; we have the equation :

Amy's stamps = 2437 - x

Maria's stamps = 1347 + x

(1347 + x) = 3(2437 - x)

1347 + x = 7311 - 3x

x + 3x = 7311 - 1347

4x = 5964

x = 5964 / 4

x = 1491

Number of stamps Amy has in the end :

2437 - 1491 = 946

What is the common ratio of the sequence?
-2, 6, -18, 54,...
-3
-2
3
8

Answers

Answer:

-3

Step-by-step explanation:

examples of addition of three fractions ( between 0-1) with a common denominator. IN STEPS ALL WORK, I need two examples.

Answers

quizlet !! just saw this on there !!

Answer:

1/6 + 2/6 + 3/6 = 6/6 = 1

1/7 + 2/7 + 4/7 = 7/7 = 1

1/8 + 2/8 + 3/8 = 6/8 = 0.75

1/9 + 2/9 + 3/9 = 6/9 = 2/3 = 0.66  (repeater dot above first 6)

1/10 + 2/10 + 3/10 = 6/10 = 3/5 = 0.6

1/12 + 2/12 + 3/12 = 6/12 = 1/2 = 0.5

All numerators in consecutive form 1, 2, 3 adds up to 6

Where 7/7 as a numerator is easier to work with than 6/7 as 6/7 does not leave a whole number as easy as 7/7 does leave whole number = 1.

We notice just 8 and 9 does not leave to 1 decimal point when adding the first consecutive numerators of that whole.

Where 10.and 12 does leave to 1dp as these numbers are not prime numbers like co prime numbers 7 and 11.

Step-by-step explanation:

Marina is given a rectangular piece of paper. If the length of Marina’s piece of paper is represented by 3x -6 and the width is represented by 2x -5, then the paper has a total area represented by

Answers

A= 6x^2 -27x + 30
Please mark brainliest!!

I NEEED HELPPPPP PLEASEEEE UM BEGGING SOMEONE PLEASEEEEEEEEEEEE​

Answers

Answer:

p = 28.56

Step-by-step explanation:

Circumference of circle

c = 2πr

Since this is a semicircle the perimeter is half the circumference

p = πr

p = 3.14 * 4

p = 12.56

---------------------------

Triangle

the outer perineter is just the two outer sides

p = 6 + 10

p = 16

-------------------------

total outer perimeter

p = 12.56 + 16

p = 28.56

create an equation to solve for x then solve for x.

Answers

Answer:

Step-by-step explanation:

In parallelogram adjacent angles are supplementary

∠U +∠V = 180

9x + 15 + 6x + 15 = 180

Combine like terms

9x + 6x + 15 + 15 = 180

          15x + 30 = 180

Subtract 30 from both sides

          15x = 180 - 30

         15x = 150

Divide both sides by 15

            x = 150/15

x = 10

∠U = 9x + 15

      = 9*10 + 15

      = 90 + 15

U = 105

∠V = 6x + 15

     = 6*10 + 15

     = 60 + 15

V = 75

Answer:

Equation: [tex]2(9x + 15 + 6x + 15) = 360[/tex]

x = 10°

∠U = 105°

∠V = 75°

Step-by-step explanation:

Hello!

The sum of angles in a parallelogram is 360°. The opposite angles of a parallelogram are congruent.

Part AEquation: [tex]2(9x + 15 + 6x + 15) = 360[/tex]

Solve[tex]2(9x + 15 + 6x + 15) = 360[/tex][tex]9x + 15 + 6x + 15 = 180[/tex][tex]15x + 30 = 180[/tex][tex]15x = 150[/tex][tex]x = 10[/tex]

The value of x is 10°.

Part B

To find the measures of each angle, simply plug in 10° for x in each equation.

∠U[tex]9x + 15[/tex][tex]9(10) + 15[/tex][tex]90 + 15[/tex][tex]105[/tex]

Angle U is 105°.

∠V[tex]6x + 15[/tex][tex]6(10) + 15[/tex][tex]60+15[/tex][tex]75[/tex]

Angle V is 75°.

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