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?

A. A payday loan for $1500 that is due in 12 days with a fee of $90,
since it has the shorter period
B. A payday loan for $1500 that is due in 10 days with a fee of $90,
since it has the shorter period
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 12 days with a fee of $90,
since it has the longer period

Answers

Answer 1

Answer:

B. A payday loan for $1500 that is due in 10 days with a fee of $90, since it has the shorter period

Answer 2

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?

Interest Rate is the rate at which a person either takes loan, or a person lends money to somebody.

The interest rate is different for different types of loans, some interest 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.

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Related Questions

Hi if i have 8,000 saving for 12,000 how much more do i need?

Answers

Answer: 4,000

Step-by-step explanation: 12,000 - 8,000 = 4,000 Hope it helped!! :)

Which of the following statements is true?
OA
5
10
14
2
15
25
18
20
B.
20
16
25
100
12
12
12
5
OC
1 1
1
2
6 5
4
3
OD
50
10
100
1
10
5
20
6

Answers

The answerrrrr issss 44

Identify a diameter of circle E.

Answers

Answer: B) HI

Step-by-step explanation:

dog can someone please help

Answers

Answer:

-1-5x or C

Step-by-step explanation:

This becasue you need to mutipy the outside to the inside.Hope it helps

What is the value of |5| - | -5| - (-5)? The solution is​

Answers

Answer:

5

Step-by-step explanation:

when we simplify it we get 5-5+5 which equals 5

How many moles are in 4.23 x 1024 formula
units of NaCl

Answers

Answer:

mol Fe3O4 6.022 x 1023 formula units Fe3O4 = 1.20 x 1024 formula units Fe3O4. 1 mol ... a-How many moles of sodium chloride does the can of salt contain?

Step-by-step explanation:

There are approximately 7.035 moles of NaCl in 4.23 x 10²⁴ formula units of NaCl.

What is multiplication?

Multiplication is a mathematical arithmetic operation. It is also a process of adding the same types of expression some number of times.

Example - 2 × 3 means 2 is added three times, or 3 is added 2 times.

Given:

An expression is 4.23 x 10²⁴

To determine the number of moles of NaCl in 4.23 x 10²⁴ formula units of NaCl:

We need to use Avogadro's number, which is defined as the number of particles (such as atoms, molecules, or ions) in one mole of a substance. Avogadro's number is approximately 6.022 x 10²³ particles per mole.

To convert the given number of formula units of NaCl to moles, we divide by Avogadro's number:

Number of moles of NaCl = (4.23 x 10²⁴ formula units of NaCl) / (6.022 x 10²³ formula units/mol)

Number of moles of NaCl = 7.035 moles (rounded to three decimal places)

Therefore, the required value is 7.035 moles.

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I really need help I don’t know how to do this pls

Answers

Okay, I attached the image, if you have questions about graphing, go to use desmos

Solve the inequality. Graph the solution.

d+12<19
The solution is

Answers

Answer:

d<7

Step-by-step explanation:

Solve the following equation to determine the value of x: 3x + (x + 10) + 5x + (2x + 2) = 56

Answers

Answer:

I think x = 4.

Step-by-step explanation:

Step 1: Simplify both sides of the equation.

3x + x +10 + 5x + 2x + 2 =56

(3x + x + 5x + 2x) + (10 + 2) = 56 (Combine Like Terms)

11x + 12 = 56

11x + 12 = 56

Step 2: Subtract 12 from both sides.

11x + 12 − 12 = 56 − 12

11x = 44

Step 3: Divide both sides by 11.

11x/11 = 44/11

x = 4

Profit is the amount of money that remains after all expenses of a project have been paid. The year has just​ ended, and Ajax​ Construction's owner is anxious to find out if the company had a profitable year. The company was awarded five contracts totaling​ $7,435,000. The costs associated with each project​ were: Project​ 1: $1,245,000 Project​ 2: $985,689 Project​ 3: $1,723,000 Project​ 4: $2,567,054 Project​ 5: $633,768 How much profit did the company​ earn?

Answers

Answer:

the Profit earned by the company is $280,489

Step-by-step explanation:

Total Cost of 5 projects awarded = $7,435,000

Cost of Project​ 1 = $1,245,000

Cost of Project​ 2 = $985,689

Cost of  Project​ 3 = $1,723,000

Cost of Project​ 4 = $2,567,054

Cost of Project​ 5 = $633,768

We need to find the profit earned by the company.

First we need to find Total cost spent on all 5 projects.

It can be found by adding cost spent on all projects.

Total cost spent on all 5 projects = Cost of Project 1 + Cost of Project 2 + Cost of Project 3 + Cost of Project 4 + Cost of Project 5

Total cost spent on all 5 projects = $1,245,000+ $985,689 + $1,723,000+ $2,567,054 + $633,768

Total cost spent on all 5 projects = $7,154,511

Now we can calculate profit earned using formula:

Profit earned = Total Cost of 5 projects awarded - Total cost spent on all 5 projects

Profit earned = $7,435,000 - $7,154,511

Profit earned = $1,280,489

So, the Profit earned by the company is $280,489

Jeff's father is planning to open a savings account to pay for Jeff's college education. He has found a bank that will pay 5 percent interest compounded daily. How much will he need to deposit initially so that in 14 years the balance will be $199,000?

Answers

Answer:

P = $183.14

Step-by-step explanation:

Given:

Rate of interest = 5% daily =0.05

Number of year = 14

Balance = $199,000

Computation:

Assume;

Number of days in a year = 365

199,000 = p[1+(0.05/365)]¹⁴⁽³⁶⁵⁾

199,000 = p[1+(0.001369)⁵¹¹⁰

199,000 = p[1086.59]

P = $183.14

hello I can only pick one!! how do I do this!

Answers

Answer:

well the answer should be -1.8

but I'm guessing A

Answer:

[tex]-\frac{9}{10}[/tex] [tex]or[/tex] [tex]-0.9[/tex] [tex]or[/tex] [tex]C[/tex]

Step-by-step explanation:

[tex]\frac{2}{4}\div\frac{-5}{9}[/tex] = [tex]?[/tex]

[tex]\frac{2}{4}[/tex] = [tex]0.5[/tex]

[tex]\frac{-5}{9}[/tex] = [tex]-0.555555555556[/tex]

[tex]0.5\div-0.555555555556[/tex] = [tex]-0.899999999999[/tex] = [tex]-0.9[/tex]

[tex]So[/tex], [tex]the[/tex] [tex]answer[/tex] [tex]is[/tex] [tex]C[/tex].

[tex]This[/tex] [tex]is[/tex] [tex]because[/tex] [tex]A[/tex] [tex]is[/tex] [tex]\frac{-9}{10}[/tex] [tex]instead[/tex] [tex]of[/tex] [tex]-\frac{9}{10}[/tex].

Hope this helps! <3

Heeeeeeelp pleaaaaaaseeee

Answers

The answer to that question is B

Write an equation in slooe intercept form for the line that is parallel to y=-4x-3 and passes through the point (-2, 4).​

Answers

Answer:

y=-4x-4

Step-by-step explanation:

m=-4

point(-2,4)

y-4 = -4 (x- (-2) )

y-4 = -4 (x+2)

y-4 = -4x -8

y = -4x -4

Step-by-step explanation:

we are going to use quadratic equation for this particular question . so now we are going to change the signs i.e from negative to positive or from positive to negative(-2 will turns to +2) nd +4 will turns to-4)

therefore, (x+2)(x-4) then we na expand the bracket x(x-4)+2(x-4)

x square -4x+2x-8

therefore the equation is nothing but x square-2x-8

A family went to a baseball game. They spent $25 to park the car in a parking lot and $24 per ticket. Which equation represents x, the total number of people going to the baseball game if the family spends y, $145 total?

Answers

There was 6 people in to total

please help me thanks ​

Answers

i believe it would be the last answer, 6.25
if this is correct i’m very sorry, but if this helps, please mark brainliest. :)

What is the purpose of the periodic interest rate? (2 points)
a for borrowers to compare the rates between different loans
b for lenders to compare the interest rates between different investments
c to determine the amount of interest charged during a specific time frame
d to determine the minimum payment of a credit card​

Answers

Answer:

The Answer is to determine the amount of interest charged during a specific time frame

Step-by-step explanation:

PLEASE HELPPPPP
Find the sale price of the item. Round to two decimal places if necessary.

Original price: $208.34

Markdown: 72%
what is the sale price

Answers

The sale price is $58.34

Help guys, I’m sure it’s easy for y’all

Answers

Answer:

(x, y) -------- ( -x,-y)

Rule : Rotation center (0,0) , angle of rotation 180° or -180°

Step-by-step explanation:

The vertices of the object and image have coordinates at ;

D(-4,2), --------D'( 4,-2 ),

E (-1,3), --------E'( 1,-3 ),

F (-1,-3),--------F'(1,3),

G (-3,-4),------G'( 3,4 ),

You notice that after the rotation ;

( x, y )-------change to (-x,-y),

This rule is rotation center origin angle 180°

Which fraction and decimal forms match the long division problem? A. B. C. D.

Answers

Answer:

C 4/15 and 0.266 repeating

Step-by-step explanation:

I used a calculator

PLEASE HELP ME! I AM BEGGING YOU!

Answers

Answer:

Do I have to download it?

Step-by-step explanation:

What’s is the slope?

Answers

Answer: 1/2

Step-by-step explanation:

y=1/2x-3

one half would be the answer

Which number has a 3 that is 1/10 the value of the 3 in 14.37 ?

Answers

Answer:

0.3

Step-by-step explanation:

Does the point (8,0) lie on the line represented by 3x + 2y = 16?
O True
False

Answers

Answer:

false

Step-by-step explanation:

(0,8) is on the line, not (8,0) :)

y ≥ 12x – 1
y < 43x – 2

Answers

Answer:

Any line can be graphed using two points. Select two x x values, and plug them into the equation to find the corresponding y y values.

Step-by-step explanation:

Use the equation and given point to answer the questions below. The equation of line a is y=12x−1, and it passes through point (6,2).

Bob needs $44 to buy a new pair of pants. He has already been able to save $9 and plans to work as a cook where he can earn $7 per hour. Which inequality shows the minimum number of hours, n, that Bob will have to work as a cook to earn enough to buy the pants? (5 points)


a. 9 + 7n ≤ 44, so n ≤ 5

b. 9 + 7n ≥ 44, so n ≥ 5

c. 7n ≥ 44 + 9, so n ≥ 7.8

d. 7n ≤ 44 + 9, so n ≤ 7.8

Answers

Answer:

Hope can help u~

Step-by-step explanation:

х
(a) In the scale model, the length of the table is 9
centimeters. What is the length of the real table?
inches

Answers

Answer:Use the map of Maine to estimate the distance between the towns of China and New ... Since there are 4.5 centimeters between China and New Sweden, we can use a ... The scale model is a model of an object with dimensions that are in ... The child's picnic table is 22 inches tall, and the adult picnic table is 33 inches tall.

Step-by-step explanation:

A function is graphed below.



Which of the following represents the range of the function?

Answers

Answer:

el ranho de algo que esm ansgwne

An oblique prism has a volume of 144 cubic units. The area of its base is 24 square units.

Answers

Answer:

ok..... so what is the question?

Step-by-step explanation:

What is 18 percent of 210?

Answers

Answer:

WN=37.8

Step-by-step explanation:

WN=18%*210

WN=0.18*210

WN=37.8

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