millert838 millert838

23-02-2020
Mathematics

contestada

A payday loan store charges $20 for a one-month loan of $600. What annual interest rate is this equivalent to?

Respuesta :

sqdancefan sqdancefan

23-02-2020

Answer:

40%

Step-by-step explanation:

The charge for 12 months would be $20 × 12 = $240, so the annual rate is ...

$240/$600 × 100% = 40% . . . . equivalent annual rate

Answer Link

Otras preguntas

Which object has a varying speed? A. a bird flying 10 m/s for 10 seconds B. a car slowing from 60 m/s for 10 seconds C. a fish moving at 2 m/s for 5 minutes D.

Wanda Sue copied a paragraph from the encyclopedia into her research report, but she changed a few words. What would you call this? a credible source an informe

Credible sources should explicitly identify the purpose or information included in a source t/f

Help see picture attached

Which sentence does not have a redundancy problem? A. The disorder called Lyme disease was named after the town of Lyme, Connecticut, which is the place where

The widespread acceptance of the medical model of mental illness in modern times resulted in:

Antes era ejecutiva y a partir de mañana _______ la gerente de circulación. es será fue era

Our sense of ________ depends on olfactory cells located high in the roof of the nasal cavity.

-25 POINTS- Which of the following terms best describes the figure below?

What were the reasons for the french government's financial troubles prior to their revolution?