It is approximately 1.000
Given:
loan amount = 300
finance charge = 20
term = 14 days.
To solve for APR.
<span>1. Divide the finance charge by the loan amount.
20/300 = 0.0667
2. Multiply the result by 365.
0.0667 x 365 = 24.35
3. Divide the result by the term of the loan.
24.35/14 = 1.74 (APR in decimal format)
<span>
4. Multiply the result by 100.
1.74 x 100 = 174% APR</span></span>
Answer:
Quadrant I and III
Step-by-step explanation:
The coordinate (3,9) is all positive, therefore it lies in quadrant I.
The coordinate (-3,-9) is all negative, therefore it lies in quadrant III.
