What is the APR of a payday loan for $1460 due in 15 days that charges a $90 fee?

Answers

Answer 1
The answer I got is 150%
90/15= $6   
6*365= $ 2191.5 
2191.5 / 1460 * 100=150%


Answer 2

Answer:

The answer is 150%

Step-by-step explanation:

Amount of pay day loan = $1460

Also given is that the payday loan for $1460 due in 15 days that charges a $90 fee.

Per day it will charge = [tex]\frac{90}{15}=6[/tex] dollars

For a year it will charge = [tex]365\times6=2190[/tex]

Thus for the due amount of $1460, it will be charged on a rate of =

[tex]\frac{2190}{1460} \times100[/tex] = 150%

Therefore, the APR is 150%.


Related Questions

What is the slope of the line? y = 3x + 9

Question 3 options:
a)9
b) 3
c) 12
d) 6

Answers

the answer is 3..y=mx+b where m is the slope

Answer:

b 3

Step-by-step explanation:

3x is the lope

It takes 63 minutes for 4 people to paint 9 walls.

How many minutes does it take 7 people to paint 4 walls?

Answers

63 / 9 = 7
7 / 4 = 1.75
It takes 1.75 minutes for 1 person to paint 1 wall...
1.75 * 4 = 7
7 * 7 = 49
It took 49 minutes for 7 people to paint 4 walls...

Answer:

7 people will take 16 minutes to paint 4 walls.

Step-by-step explanation:

Since, if [tex]x_1[/tex] people take [tex]n_1[/tex] times for [tex]w_1[/tex] work and in the same kind of work [tex]x_2[/tex] people take [tex]n_2[/tex] time for [tex]w_2[/tex] work,

Then,

[tex]\frac{x_1\times n_1}{w_1}=\frac{x_2\times n_2}{w_2}[/tex]

Here, [tex]x_1=4[/tex], [tex]n_1=63[/tex], [tex]w_1=9[/tex],

[tex]x_2=7[/tex], [tex]w_2=4[/tex]

By substituting the values in the above formula,

[tex]\frac{4\times 63}{9}=\frac{7n_2}{4}[/tex]

By the cross multiplication,

[tex]1008=63n_2[/tex]

[tex]\implies n_2=\frac{1008}{63}=16[/tex]

Hence, 7 people will take 16 minutes to paint 4 walls.

in a certain game, a player can solve easy or hard puzzles. a player earns 30 points for solving an easy puzzles and 60 points for solving a hard puzzled. Tina solved a total of 50 Puzzles playing this game, earning 1950 points in all. How many hard puzzles did Tina solve

Answers

Answer: Tine solved 15 hard puzzles.

Step-by-step explanation:

Let x be the number of easy puzzles and y be the number of hard puzzels.

Given : A player earns 30 points for solving an easy puzzles and 60 points for solving a hard puzzled.

Tina solved a total of 50 Puzzles playing this game, earning 1950 points in all.

Then system of equations for above description:

[tex]x+y=50--------(1)\\30x+60y=1950---------(2)[/tex]

Multiply 60 in equation (1), we get

[tex]60x+60y=3000-----(3)[/tex]

Subtract equation (2) from (3), we get

[tex]30x=1050\\\\\Rightarrow\ x=\dfrac{1050}{30}=35[/tex]

Put x=-35 in (1), we get

[tex]35+y=50\\\\\Rightarrow\ y=50-35=15[/tex]

Hence, Tine solved 15 hard puzzles.

Using a system of equations, it is found that Tina solved 35 easy puzzles and 15 hard puzzles.

For our system, we are going to say that:

x is the number of easy puzzles solved.y is the number of hard puzzles solved.

Total of 50 puzzles, thus:

[tex]x + y = 50[/tex]

Each easy puzzle earns 30 points, each hard 60, total of 1950 points, thus:

[tex]30x + 60y = 1950[/tex]

From the first equation:

[tex]x = 50 - y[/tex]

Replacing in the second:

[tex]30x + 60y = 1950[/tex]

[tex]30(50 - y) + 60y = 1950[/tex]

[tex]30y = 450[/tex]

[tex]y = \frac{450}{30}[/tex]

[tex]y = 15[/tex]

Then:

[tex]x = 50 - y = 50 - 15 = 35[/tex]

Tina solved 35 easy puzzles and 15 hard puzzles.

A similar problem is given at https://brainly.com/question/17096268

What may be a concern if you have an adjustable rate mortgage (ARM)?

Answers

Answer:

A.) After the initial fixed-rate period, your rate may increase.

Step-by-step explanation:

Due to the rate being adjustable, you may be forced to pay more than what you had originally hoped for after the fixed-rate period. This tends to usually be negative for you since you will have to pay more money, but will help you pay off the debt faster.

A concern with an adjustable-rate mortgage (ARM) is the potential increase in monthly payments over time as interest rates adjust to market rates after the initial fixed period, which can pose a cash flow problem for the homeowner.

A major concern if you have an adjustable-rate mortgage (ARM) is the potential for an increase in your mortgage payments over time. This type of mortgage allows the interest rate to vary in accordance with market interest rates, which often reflect changes in inflation. Initially, an ARM might have a lower interest rate than a fixed-rate mortgage, making it an attractive option. However, after a certain period, the interest rate may adjust based on a specific financial index, such as the U.S. Treasury Note, and can result in higher monthly payments.

In the case of a five-year ARM, for example, the mortgage might start with a lower interest rate compared to a thirty-year fixed mortgage, leading to lower initial payments. However, after the initial fixed period, the rate can adjust, potentially leading to increased payments and creating a cash flow problem for the borrower if the rates rise significantly.

How do you write 6.012 as a fraction?

Answers

1503/250....I used a graphing calculator by writing the decimal-math-fraction
 it should be 1503/250. these are the steps : 6 12/1000, which can be reduced; 6 6/500 = 6 3/250 (simplest form) and the improper fraction is 1503/250

The diameter of a merry-go-round is 63 feet. Each person gets to make 23 rounds per ride. How far does each person ride?

Answers

Calculate the circumference of the circle, and multiply it by 23.

C = pi * d

C = 3.14 * 63 ft =197.82 ft

23 * C = 23 * 197.82 ft = 4549.86 ft

Answer please!!! 10 points. (No rude answers)

Answers

the answer is the number 1.
The answer is A because an open point means equal to and the line is going towards the higher numbers, therefore it's increasing.

what is the slope of the line that contains the points (0,4) and (4,-2)

A.- 3/2
B.- 2/-3
C. 3/2
D. 2/3
Plz help I give 5 stars

Answers

Answer: choice A) -3/2

---------------------------
---------------------------
(0,4) is the first point, so,
x1 = 0
y1 = 4

(4,-2) is the second point, so,
x2 = 4
y2 = -2

Use the slope formula to get
m = (y2-y1)/(x2-x1)
m = (-2-4)/(4-0)
m = (-6)/(4)
m = -3/2

Side Note: The slope of -3/2 means we go down 3 and over to the right 2
(slope = rise/run = -3/2, so rise = -3 and run = 2)
A. -3/2 for  slope going through both (0,4) and (4,-2)

mx−y when m=1, x=5, and y=2

Answers

Hello There!

Substitute numbers in:
(1)(5) - (2)
Simplify:
5 - 2
Solve:
5 - 2 = 3.

Hope This Helps You!
Good Luck :) 

- Hannah ❤

Which option below correctly describes the domain of (see image) and explains why the range of b is not all real numbers?

a. The domain is all real numbers less than or equal to 81.

The range is not all real numbers because the square root of a negative number is not a real number.

b. The domain is all real numbers less than or equal to 81.

The range is not all real numbers because the square root symbol applied to a non-negative number is non-negative.

c. The domain is all real numbers greater than or equal to 81.

The range is not all real numbers because the square root of a negative number is not a real number.

d. The domain is all real numbers greater than or equal to 81.

The range is not all real numbers because the square root symbol applied to a non-negative number is non-negative.

Answers

The domain is all real numbers less than or equal to 81.

The range is not all real numbers because the square root symbol applied to a non-negative number is non-negative

Answer:

b. The domain is all real numbers less than or equal to 81; and The range is not all real numbers because the square root symbol applied to a non-negative number is non-negative.

Step-by-step explanation:

The square root function is not defined in the real number system for the square root of a negative number.

In order for the number under the radical sign to be positive, then the value of x must be all numbers less than or equal to 81.

The range cannot be negative numbers, since the square root of a positive number will give a positive answer.

This makes the correct choice b.

Last month, Lana sold 35 necklaces a week at $15 each. However, throughout the month, 6 customers returned their necklaces for a fu refund due to defective clasps. How much did Luna make selling necklaces last month if there were 4 weeks in the last month?

Answers

Hate sld shallow sheidbdv
Lana made $2010. 35x4-6=134, and 134x4=2010.

Four friends are collecting money to buy dog food for an animal shelter. The food will cost $150, and each friend will collect the same amount of money. Andrea used the five-step problem-solving plan. After completing the solve step, how much money did she find that each friend needs to collect to reach the goal?

Answers

Well If you Divide 150$ between 4 people the total per person Will be 37.50$

Each friend needs to collect $37.50 to reach the goal.

To find out how much money each friend needs to collect, Andrea followed these steps:

Andrea understood that there are four friends collecting money for dog food, which costs $150 in total.

Andrea decided to divide the total cost of dog food by the number of friends to find out how much each friend needs to collect.

Andrea divided the total cost ($150) by the number of friends (4):

$150 ÷ 4 = $37.50

Check: Andrea made sure her answer makes sense. Each friend will contribute $37.50, and since there are four friends, the total collected would be:

$37.50 × 4 = $150

The total collected indeed matches the cost of dog food.

Reflect: Andrea confirmed that each friend needs to collect $37.50.

Therefore, each friend needs to collect $37.50 to reach the goal.

Help me plz number 14

Answers

Given: y = (-3/2)x + 15,

Here the slope is -3/2 and the y-intercept is 15.

The y-intercept tells us how many spoonfuls of chips Tiffany has at the beginning of her baking spree. This count decreases with each muffin that she makes, by 1 1/2 spoonfuls.

What is 6.16×106 in standard form?

6,160,000

61,600,000

601,600,000

616,000,000

I think it's the first question but tell me what you think!

Answers

6.16×10^6

10^6 = 10000006.16 x  1000000  = 6160000

6,160,000 is your answer

hope this helps

i really really need help with this..

Answers

I feel really bad because this is hard and no one is helping you so try using this website it is called wolfram alpha and if you can't find help on that website just ask your teacher for help. I'm sorry I feel bad for you!

factor X^3-7x^2-5x+35

Answers

The answer would be
- (34x^3 - 35)

The answer is (x+7)(x^2-5)

3/4 cup of sugar is needed to make six muffins. How much sugar is in each muffin?

Answers

1/8 cup of sugar in each mufin

To find out how much sugar is in each muffin, calculate the total grams of sugar in 3/4 cup and then divide that by the number of muffins (six). This will provide the amount of sugar in each muffin, which can be expressed in grams per muffin.

To determine how much sugar is in each muffin when 3/4 cup of sugar is needed to make six muffins, we simply divide the total amount of sugar by the number of muffins. First, we can find out how many grams of sugar are in 3/4 cup of sugar given that there are 200 grams in a full cup. So, we calculate .75 cups of sugar X 200 grams/cup to get the total grams of sugar in 3/4 cup.

Once we have the total grams of sugar for six muffins, we divide that amount by 6 to find out how much sugar is in each muffin. Mathematically, we can set up the following equivalency ratio for a formal solution: 3/4 cups sugar / 6 muffins = sugar per muffin. This will give us the amount of sugar in each individual muffin.

Sydney applied the steps below to find the product of (3.1)(–1.6).

Step 1: (3.1)(–1.6) = (–1.6)(3.1)
Step 2:                   = _______________
Step 3:                   = (–4.8) + (–0.16)
Step 4:                   = –4.96

Which expression correctly fills in the blank in Step 2?
(1.6)(3) – (1.6)(0.1)
(–1)(3) + (–0.6)(0.1)
(1)(3) – (0.6)(0.1)
(–1.6)(3) + (–1.6)(0.1)

Answers

 to get the numbers in step 3

multiply -1.6 by 3

then multiply -1.6 by 0.1

 and add them together

answer is D) (–1.6)(3) + (–1.6)(0.1)

Answer:

In Step 2 the expression is Option 4 is correct.                                    

Step-by-step explanation:

Given : Sydney applied the steps below to find the product of [tex](3.1)(-1.6)[/tex].

To find : Which expression correctly fills in the blank in Step 2?

Solution :

Step 1 : Commutative property applied, [tex]ab=ba[/tex]

[tex](3.1)(-1.6)=(-1.6)(3.1)[/tex]

Step 2 - Apply distributive property [tex]a(b+c)=ab+ac[/tex] by re-write 3.1=3+0.1

[tex](3.1)(-1.6)=(-1.6)(3+0.1)[/tex]

[tex](3.1)(-1.6)=(-1.6)(3)+(-1.6)(0.1)[/tex]

Step 3 - Solve the multiple,

[tex](3.1)(-1.6)=(-4.8)+(-0.16)[/tex]

Step 4 - Add the terms,

[tex](3.1)(-1.6)=-4.96[/tex]

Therefore, In Step 2 the expression is Option 4 is correct.

Use a related multiplication equation to show why the equation 5/n = 0 has no solution

Answers

Multiply both sides by 5:

5/n = 0

then

5/n * n = 0 * n

5 = 0 * n

This cannot be true because there is no number n you can multiply by 0 and get 5.

Triangle ABC is isosceles What is true about the measure of angle b

Answers

It is equal to the measure of angle c

Answer:

the answer is d

Step-by-step explanation:

Select all ratios equivalent to 6:9:

A)54:46
B)9:6
C)18:27

Answers

the answer would be c. hope that helped
c only 18:27 / 3 on each side will give you 6:9other no. Hope this helped

Rochelle and Denae started with The same amount of money in their bank accounts.Rochelle made three withdrawals Of $25 and then wrote a $100 check. Denae deposited five dollars and then wrote a $200 check.

1•Find the total change in the amount of money and Raquel’s account

2• find the total change it in the amount of money in Denae’s account

3• compare the amount of money the two women have in their accounts now

Answers

1 -75 then +100
2 -5 then +200
3 Danae has $175 more than Raquel

Answer:

1. - $ 175

2.  -$ 195

3. Rochelle has $ 20 more than Denae.

Step-by-step explanation:

1. Given,

Rochelle made three withdrawals of $25,

Again she wrote $ 100,

So, the total amount she withdraw = 3 × 25 + 100= 75 + 100 = $ 175,

Thus, the total change in balance in her account = -$175,

2. Denae deposited 5 dollars,

i.e. change in her balance = $ 5,

Then she wrote a $200 check,

i.e. change in her balance = -$200,

Thus, the total change in her account = 5 - 200 = -$ 195

3. ∵ -175 > -195

Rochelle withdrew less amount,

If both started with the same balance,

Then the amount in Rochelle's account is more than that of Denae's account.

Also, -175- (-195) = -175 + 195 = $ 20

i.e. Rochelle has $ 20 more than Denae.

Evaluate. 2−2⋅(12⋅3)−53

Answers


2−2(12)(3)−53 
  =2−(2)(36)−53
  =2−72−53
  =−70−53

   Answer :  −123

The answer is -116. I took the test

If y=4x + 3 find the value of y when x= -2

Answers

y=4(-2)+3
y= -8+3
y= -5
The correct answer is -5, cause you plug-in -2 * 4 which equals -8 and that +3 = -5

Without changing the order of the numbers below, insert parentheses and/or addition signs so that the computation results in the number described below. 4 3 6 1 a. The number is a multiple of 5. b. The number is a factor of 36.

Answers

4,3,6,1

(a) multiple of 5 : 4(3 + 6 + 1) = 4(10) = 40
(b) factor of 36 : (4)(3) + (6)(1) = 12 + 6 = 18

five fences meet at a point to form angles with the measure of X 2x 3x 4X and 5x around the point find the measure of each angle

Answers

The x-value is 12, so it would be 12, 24, 36, 48, and 60.

Alonzo and Miguel scored a total of 54 points in the basketball game. Miguel scored four more points than Alonzo. Write and solve a pair of simultaneous linear equations that represents the situation. Interpret the solution.

Answers

a+m=54             m=a+4
a+m=54          m-a=a-a+4   
a+m=54             m-a=4
Add the equations together.
a+m+m-a=54+4
2m=58
m=29
Miguel scored 29 points.
Alonzo scored 25 points.
Check: 25+29=54

We will call A and M the scores obtained by Alonzo and Miguel respectively​

A + M = 54 (Alonzo and Miguel scored a total of 54 points) Equation 1​

M = A + 4 (Miguel scored four more points than Alonzo) Equation 2​

We will substitute the value of M for the second equation in the first equation​.

A + A + 4 = 54​

2A = 54 - 4​

A = 50/2 = 25 points (Alonzo scored this.​)

M = A +4 = 25+4 = 29 points (Miguel scored this.​)

Answer : Alonzo scored 25 points and Miguel scored 29 points

Checking

A + M = 25 points + 29 points = 54 points Check !

Hope this helps!​​​​​​​

[tex]\textit{\textbf{Spymore}}[/tex]​​​​

need need need need help help help help help help help help help

Answers

.3 = 3/10
.5 = 1/2
.05 = 1/20
.25 = 1/4

Answer:

top left is 3/10

top right is 5/10 or 1/2

bottom left is 5/100

bottom right 25/100 or 1/4

Step-by-step explanation:

So to do it, you need to see what place behind the decimal the number is. The one in the top left is in the tens place, so it is 3 over 10. The one on the top right could also be written as 1/2 because both 5 and 10 can be divided by 5 so you divide top and bottom by 5 and it is simplified. The ones that are in the hundreds place, have a hundred in the denominator. If there was a question with three numbers behind the decimal point it would have 1000 in the denominator because it is in the thousands place. I suggest using m a t h w a y its a helpful website for math

Which problem will have the greater quotient, 376.0 divided by 93 OR 376 divided by 93.01 ? Explain how you know.

Answers

376/93 = 4.04301075

376/ 93.01 = 4.04257607. 

So 376 divided by 93 is greater because the higher the divisor, the lower the quotient. 

how much larger is 400 than 40? how much smaller is 0.2 than 2?

Answers

400 is 360 larger than 40.

0.2 is 1.8 smaller than 2

Hope this helps!:)

Dont forget to give me brainliest!:)

Other Questions
Book Into the Wild What was most likely one of Krakauers purposes in writing two chapters about his own Alaskan experience? A. To demonstrate how much better his survival skills were than McCandlesss B. To try and imagine what might have inspired McCandlessC. To prove that he knows how difficult it is to survive in AlaskaD. To let readers know that there are many dangerous places in AlaskaIm pretty sure its not A, but Im having trouble choosing between the others The process of breaking food into components small enough to be absorbed is called Will light pass through a pair of polaroids when the axes are aligned? when the axes are at right angles to each other? why? Which would most likely be graphed using a continuous graph? Check all that apply.A. total cost, c, of buying b cans of beansB. total cost, c, of buying g pounds of broccoliC. speed of a car, s, as it accelerates over time, tD. number of stamps, s, needed to mail p postcards E. total distance, d, that has been driven over time, tF. decrease in outside temperature, F, one evening over time, t Fatima is shading this model to show 0.08x3 . shade the correct amount of boxes that will show the product Translate the following problem to an equation. Do not solve.55 times what number is 1265?Choose the correct equation.A) 55 dot x=1265B) 23C) 55/ x=1265D) 55 dot 1265= x What city, influenced heavily by constantinople, was most important in the early rise of russia? One reason James Madison called for a declaration of war from Congress on Great Britain in 1812 was Give the angle measure represented by 2 rotations clockwise What did brigham young say was wrong with american society? HELP ASAP! BRAINLIESTTTWhat was the importance of the Louisiana Purchase? How did it change the United States? One of the reasons the internet may hamper quality democracy is that it A substance made of copper atoms and chlorine atoms combined together will have the same chemical properties as copper and chlorine individually. question 3 options: true false Why is the Gettysburg address considered an important part in American history? What is 43,000 rounded to the nearest thousand The _____ agency has been a major force in cleaning up u.s. waters. Elle va chercher sa commande _______________. This has an audio but I'm not sure how to add it because I don't have a link for it. Why must predators in ecosystems with low npp cover huge ranges to survive? A solid tablet is dropped into a glass of water. The tablet completely dissolves after a few minutes. Cada ao para Navidad, los abuelos preparaban mucha comida para recibir a toda la familia. Llegaban los primos y los tos de todas partes para celebrar. Ellos tenan la tradicin de comer tamales a las doce de la noche. Toda la familia se reuna y cantaban canciones de Navidad y estaban muy felices. Para el Da de la Madre, todos volvan a estar juntos para celebrar y llevaban comidas tpicas. Quines llegaban a la fiesta?llegaban los primos y toslegaban los vecinos.llegaban los amigosllegaban los cuados Steam Workshop Downloader