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ratelena [41]
2 years ago
7

Mackenzie took out a payday loan for $1100 that charged a $95 fee. If the loan matures in 2 weeks, what is the approximate effec

tive interest rate of the loan?
Mathematics
2 answers:
Leona [35]2 years ago
5 0

Answer:

For apex , the answer is 764%

Step-by-step explanation:


Alexeev081 [22]2 years ago
4 0

We are asked to solve for the approximate effective interest rate of the loan and the given values are:
Payday load = $1100
Charge fee = $95

Solving for interest we have:
% interest = $95/$1100
% interest = 8.64 %

The answer to the problem is 8.64%.
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A storage pod has a rectangular floor that measures 19 feet by 13 feet and a flat ceiling that is 5 feet above the floor. Find t
max2010maxim [7]

Answer:

Area= 247 feet²

Volume= 1235 feet³

Step-by-step explanation:

A storage pod has a rectangular floor that measures 19 feet by 13 feet and a flat ceiling that is 5 feet above the floor.

Area of the floor= length*width

Length= 19 feet

Width= 13 feet

Area= 19*13

Area= 247 feet²

Volume of the pod= area*height

Height of the pod= 5 feet

Area= 247 feet²

volume= 247*5

Volume= 1235 feet³

4 0
2 years ago
Paul bought 9 total shirts for a total of $72. Tee shirts cost $10 and long sleeves shirts cost
luda_lava [24]
This is the whole problem : Paul bought 9 total shirts for a total of $72. Tee shirts cost $10 and long sleeve shirts cost $7. How many of each type of shirt did he buy?
7 0
2 years ago
A distributor buys packs of trading cards from a wholesaler for $0.80 each. The distributor marks up the cards by 100% before se
Llana [10]

Answer:

$1.60

$2.88

Step-by-step explanation:

To find the selling price of the distributor and the retailer, we first need to find how much the distributor sells each pack of cards.

To find the selling price we use the formula.

Selling Price = Cost + Markup

Cost = $0.80

Markup rate = 100% or 1

Selling Price = 0.80 + (0.80*1)

Selling Price = $1.60

So the distributor sells each pack of cards at $1.60 to the retailer.

Now to find the selling of the retailer, we need to use the selling price of the distributor.

Cost = $1.60

Markup rate = 80% or 0.80

Selling price =  1.60 + (1.60 * 0.80)

Selling price = $2.88

So the retailer sells each pack of cards at $2.88 to the customers.

8 0
2 years ago
Read 2 more answers
Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time, is exponentially distributed,
seropon [69]

Answer and Step-by-step explanation:

Data provided in the question

Mean = 1.1 hours per call =

R = Mean rate = 1.6 per eight hour day

\mu = \frac{8}{1.6} = 5 per day

Based on the above information

a. The average number of customers is

= \frac{R^2}{\mu(\mu- R)}

= \frac{1.6^2}{5(5- 1.6)}

= 151

b. The system utilization is

= \frac{R}{\mu}

= \frac{1.6}{5}

= 0.32

c. The amount of time required is

= 1 - system utilization

= 1 - 0.32

= 0.68

And, there is 8 hours per day

So, it would be

= 0.68 \times 8

= 5.44 hours

d. Now the probability of two or more customers is

= 1 - (0.68 + 0.68 \times 0.32)

= 0.1024

Therefore we simply applied the above formulas

4 0
2 years ago
Find the value of y for which the value of 1.7y+37 is 14 less than the value of 9.3y–25 HELP QUICK
Harrizon [31]

Answer:

y=10

Step-by-step explanation:

1.7y+37 is 14 less than the value of 9.3y–25

  • 1.7y + 37 = 9.3y - 25 - 14
  • 1.7y + 37 = 9.3y - 39
  • 9.3y - 1.7y = 37 + 39
  • 7.6y = 76
  • y = 76/7.6
  • y = 10

Answer is 10

4 0
2 years ago
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