Answer:
Recursive formulas give us two pieces of information:
The first term of the sequence
The pattern rule to get any term from the term that comes before it
So I think A.Pattern
We will evaluate both expressions step by step.
Sylvia's espression:
h + 0.05h
h: Original hat price.
0.05h: Increase of 5% due to sales tax.
Jin's expressions:
1.05h
h: Original hat price.
1.05: Factor for which you must multiply the original price to add 5% due to sales tax.
If you have edunuity, the answer is... Two parallel lines will have the same slope. The slopes of parallel lines have to be equal. The y-intercepts of those two lines have to be different, otherwise they would be the same line. The x-intercepts of the parallel lines would also be different.
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>
