Pete has the option of borrowing $380 for one week at an APR of 600% or borrowing the $380 for one week with a fee of $45. Which is the "better" deal?

Answers

Answer 1
APR = annual percentage rate.

Since Pete is borrowing the money for one week, the APR must be divided into a daily interest rate before we can figure out how much he'll pay for the loan.

There are 365 days in a year. Divide the APR by 365 to find the daily interest rate.

[tex] \frac{600}{365} = 1.643[/tex]

The daily interest rate of the loan will be 1.643%.

The following equation is used to find the total interest payment:

[tex]A = P(1+ \frac{r}{365})^{t} - P[/tex]

A represents the total amount paid in interest. P represents the amount borrowed for the loan. r represents the daily interest rate. t represents the amount of days the loan will last.

Plug in your values into the equation.

[tex]P = 380, r = 1.643, t = 7[/tex]

[tex]380(1+ \frac{1.643}{365})^{7} - 380 = 12.136[/tex]

Rounded to the nearest hundredths value, the total interest paid will be $12.14.

Compare the total amounts paid for both loans.

$12.14 < $45

The better deal is the loan with the 600% APR.
Answer 2

The better deal is the loan with the 600% APR.

What is interest rate?

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum).

Given that, Pete is borrowing the money for one week, the APR must be divided into a daily interest rate before we can figure out how much he'll pay for the loan.

There are 365 days in a year. Divide the APR by 365 to find the daily interest rate.

600/365 = 1.643

The daily interest rate of the loan will be 1.643%.

The following equation is used to find the total interest payment:

[tex]A = P(1+\frac{r}{365} )^{t} -P[/tex]

A represents the total amount paid in interest. P represents the amount borrowed for the loan. r represents the daily interest rate. t represents the amount of days the loan will last.

Plug in your values into the equation.

P = 380 r = 1.643 and t = 7

380(1+1.643/365)^7 - 380 = 12.136

Rounded to the nearest hundredths value, the total interest paid will be $12.14.

Compare the total amounts paid for both loans.

$12.14 < $45

Hence, The better deal is the loan with the 600% APR.

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Related Questions

Julia had 2/3 quart of cleaning liquid. She used 1/4 of it to clean the sink. How much cleaning liquid did Julia use?

Answers

She had 2/3 quart. She used 1/4 of it.

That means you have to find 1/4 of 2/3

1/4 × 2/3 = 2/12

2/12 simplified 
= 1/6

Your answer is 1/6

Hope this helped!

She had 2/3 quart. She used 1/4 of it.

That means you have to find 1/4 of 2/3

1/4 × 2/3 = 2/12

2/12 simplified = 1/6

Your answer is 1/6

Hope this helped!

Two friends bring hamburger meat to your cookout. One brings 2.7 pounds, and the other brings 3.54 pounds. How much hamburger meat do they bring?

Answers

Answer:
They bought 6.24 pounds of hamburger meat

Explanation:
We are given that:
The first friend brought 2.7 pounds of hamburger meat
The second friend brought 3.54 pounds of hamburger meat

The total amount of hamburger meat they both brought would be simply the summation of what they brought individually.

This means that:
Total amount brought = 2.7 + 3.54
Total amount brought = 6.24 pounds of hamburger meat

Hope this helps :)

Find the lengths of the sides of the right triangle?

Answers

You can guess from your knowledge of Pythagorean triples that the triangle is a 5-12-13 right triangle. Since one side is 7 less than the other, this guess is confirmed.

The lengths of the sides are:
  2x = 12
  2x -7 = 5

_____
You can use the Pythagorean theorem to write the relationship between the sides.
  (2x)² +(2x -7)² = 13²
  4x² +4x² -28x +49 = 169 . . . . . eliminate parentheses
  8x² -28x -120 = 0 . . . . . . . . . . . put in standard form
  4(2x² -7x -30) = 0 . . . . . . . . . . . factor out 4
  (x -6)(2x +5) = 0 . . . . . . . . . . . .. divide by 4 and factor further
  x = 6, -5/2 . . . . . . . . . . . . . . . . .. only the positive solution (x=6) is useful
Then 2x = 12; 2x-7 = 5.

A patient is given a 50 mg dose of medicine the medicines effectiveness decreases every hour at a constant rate of 40% what is the exponential decay function that models this scenario how much medicine will be left in the patient's system after two hours

Answers

exponential decay formula is
[tex]y = a(1 - r)^{x} \\ y = 50(1 - .40) ^{x} [/tex]
x= hours past
[tex]y = 50(1 - .40)^{2} \\ y = 18[/tex]
after 2 hours, there are 18 mg of medicine left

Answer:

[tex]A=50(0.6)^x[/tex]

18 mg of medicine will be left in the patient's system after two hours.

Step-by-step explanation:

Given,

The initial quantity of the medicine, P = 50 mg,

Also, it decreases every hour at a constant rate of 40%

That is, r = 40 %,

Thus, the quantity of the medicine after x hours,

[tex]A=P(1-\frac{r}{100})^r[/tex]

[tex]=50(1-\frac{40}{100})^x[/tex]

[tex]=50(1-0.4)^x[/tex]

[tex]=50(0.6)^x[/tex]

Which is the required exponential decay function that models this scenario.

The quantity of the medicine after 2 hours,

[tex]A=50(0.6)^2=18\text{ mg}[/tex]

Find an equation of the line passing through the pair of points. Write the equation in the form Ax+ By=C. (3,2) and (5,8)

Answers

The equation of the line passing through points (3,2) and (5,8) in the form of Ax+By=C will be written as follows:
equation of the line is given by the formula:
a(x-x1)=y-y1
where a is the slope
a=(y-y1)/(x-x1)
thus using our values:
a=(8-2)/(5-3)=6/2=3
thus the equation of the line will be:
3(x-3)=y-2
simplifying the above and writing in the form of Ax+By=C we shall have:
3x-9=y-2
3x-y=-2+9
3x-y=7
thus 3x-y=7 is in the form of Ax+By=C where A=3, B=-1 and C=7

A jacket has a regular price of $80. It is on sale for 10% off. The sales tax is 7%. What is the total cost of the jacket including tax?

Answers

STEP 1:
Sale Price= Cost - (Cost * Discount %)

Sale Price= $80 - (80 * 10%)
=80 - 8
=$72 sale price


STEP 2:
use sale price from step 1 in this equation

Final Price= Cost + (Cost * Tax %)

Final Price= $72 + (72 * 7%)
= 72 + 5.04
= $77.04


ANSWER: The final price after a 10% discount and 7% sale tax is $77.04.

Hope this helps! :)

Answer:

77.04

Step-by-step explanation:

An eagle can fly at a speed of 50 mph and a starling can fly at 78 mph. How far will the starling fly in the time it takes the eagle to fly 125 miles?

PLZ HELP ASAP!!!!!!
20 POINTS!

Answers

The starling would fly 195 miles

1.
50*x=125
x=2.5

2. 
2.5 * 78 = 195 miles

Answer:

195 miles

Step-by-step explanation:

50*x=125

x=2.5

2.5*78=195miles

what is 12.81 repeated rounded to the nearest hundredth

Answers

In order to round to the nearest hundreth,, we must look at the second number behind the decimal. If this number is smaller than 5 then we round down,, but if it is 5 or larger then we round up. Looking at the second number from the decimal point,, you can see that it is smaller than 5. This means that we round down to make our final answer 12.8.
Let me know if you have any further questions.
:)

Given that tan^2 e= 3/8 what is the value of sec e? A. +√8/3 B.+ √11/8 C. 11/8 D. 8/3

Answers

ANSWER

[tex]{ \sec}(e) = \pm \: \sqrt{\frac{11}{8} } [/tex]

EXPLANATION

We use the Pythagorean Identity,

[tex] { \sec}^{2} (e) = 1 + { \tan}^{2} (e)[/tex]

It was given that,

[tex] { \tan}^{2} (e) = \frac{3}{8} [/tex]

We substitute the values into the identity to obtain,

[tex] { \sec}^{2} (e) = 1 + \frac{3}{8} [/tex]

[tex]{ \sec}^{2} (e) = \frac{11}{8} [/tex]

We take square root of both sides to get,

[tex]{ \sec}(e) = \pm \: \sqrt{\frac{11}{8} } [/tex]

Answer:

sec e = √(11/8) ⇒ answer B

Step-by-step explanation:

* Lets revise some identities in trigonometry

# sin²x + cos²x = 1

- Divide both sides by cos²x

∴ sin²x/cos²x + cos²x/cos²x = 1/cos²x

∵ sinx/cosx = tanx

∴ sin²x/cos²x = tan²x

∵ cos²x/cos²x = 1

∵ 1/cosx = secx

∴ 1/cos²x = sec²x

* Now lets write the new identity

# tan²x + 1 = sec²x

- Let x = e

∴ tan²e + 1 = sec²e

- Substitute the value of tan²e in the identity

∵ tan²e = 3/8

∴ 3/8 + 1 = sec²e

- Change the 1 to the fraction 8/8

∴ 3/8 + 8/8 = sec²e ⇒ add the fractions

∴ 11/8 = sec²e

- Take square root for the two sides to find sec e

∴ sec e = √(11/8)

∴ The answer is B

6.
Valdez Construction signed a note with a payment of $5,200 per quarter for 5 years.
Find the amount they must set aside today to satisfy this capital requirement in an account earning 8% compounded quarterly.


$30,506.32

$126,346.32

$51,054.38

$85,027.44

Answers

If P = Periodic payments done quarterly (that is, four time in a year) = $5,200, n = number of years (5), R = Annual interest rate = 8% = 0.08, and A = Amount to be set aside today, then

A = P [1-(1+R/4)^4n]/(R/4) = 5200 [1-(1+0.08/4)^4*5]/(0.08/4) = $85,027.45

Therefore, Valdez construction should set aside $85,027.44 now to satisfy the capital requirement.

what is a verbal expression?

Answers


A mathematical verbal expression is a translation into words of an algebraic expression that can consist of different operations, numbers and varibles ur welcome.

For example, the following is a verbal phrase: "John went to the store and bought five apples. Each apple cost $1.25. How much did John spend before tax?" To translate it to a verbal model, the problem solver represents the problem in simplified words that represent the cost of the apple times the number of apples bought. To translate it further to a mathematical phrase, the problem solver puts numbers in the problem: "$1.25 times 5."


(2x3z2)3
------------------
x3y4z2 * (x-4z3)

Answers

The rules of exponents tell you to add exponents in the numerator and subtract those in the denominator. A power of a power causes the exponent to be multiplied.

[tex]\dfrac{(2x^{3}z^{2})^{3}}{x^{3}y^{4}z^2x^{-4}z^{3}}=2^{3}x^{(3\cdot3-3-(-4))}y^{-4}z^{(2\cdot3-2-3)}\\\\=\dfrac{8x^{10}z}{y^{4}}[/tex]

which expression is in simplified form for the given expression and states the correct variable restriction u+3/u^2-9

Answers

Simplifying the expression given we shall have:
(u+3)/(u²-9)
factorizing (u²-9)=(u-3)(u+3)
thus plugging the substitute in the expression we shall have:
=(u+3)[(u-3)(u+3])
=1/(u-3)
Hence the answer is 1/(u-3)
u can take any values except 3.

after lily's graduation party, 1/2 of of the cake was left. she shared the remaining cake equally with her sister Kayla and her brother Logan. what fraction of the original cake did each of them get?

show all your work please

Answers

they each got 1/4

1/2 = 50%

50% / 2 = 25%

25%= 1/4

Someone please help I only have enough points for one use.

Answers

a-- i) 4/25 ii) 2/15
b . i)6/25 ii) 4/15

I would apprectiate a 5 star review and a Brainliest

will give braniliest....... Mom put plums and apples onto a plate. The ratio of the number of plums to the number of apples was 3:2. How many fruit did mom put on the plate, if after Ed took 6 there number of plums on the plate became the same as the number of apples?

Answers

There would be 18 plums and 12 apples. Or, 18:12. If Ed ate 6 plums, then the ratio is 12:12
So she would have put 30 fruits (18 plums and 12 apples) on the plate
Hope this helps!

At 0°C, the volume of a gas is 22 liters. For each degree the temperature T (in degrees Celsius) increases, the volume V (in liters) of the gas increases by 225. Write an equation that represents the volume of the gas in terms of the temperature.

Answers

At [tex]T=0^{\circ}C[/tex], the volume of the gas is V=22 L.

At temperature [tex]T=1C[/tex], the volume of the gas is (22+225) L.

This means that if we increase the temperature by [tex]k[/tex] degrees:
[tex]T=k^{\circ}C[/tex]
the volume of the gas is 
[tex]V=22 + 225 k [L][/tex] (1)

Since T=k, we can rewrite eq.(1) as
[tex]V= 22 + 225 T [L][/tex]
which gives the expression for the volume of the gas in liters, as a function of the temperature T in Celsius.

Answer:

V=2/25T+22

Step-by-step explanation:

Suppose you want to transform the graph of the function y=tan(x+pi/4)-1 into the graph of the function y=-tan(x+pi/2)+1

Answers

If you want to get y=-tan(x+π/2) +1 then;
In the given equation 
+1 will shift the function upward by 1 unit
minus(-) sign will reflect the graph across x_axis

see the attached diagram of -tan(x+π/2) +1

Answer:

A) Reflect the graph of the first function across the x-axis, translate it pi/4 units to the left, and translate it 2 units up

Which pair of triangles can be proven congruent by using the HL theorem?

Answers

Answer: figure C.

Explanation:

The HL theorem is the hypotenuse leg theorem.

The HL theorem is referred to the congruency of right triangles.

This theorem states that two right triangles that have a congruent hypotenuse and a corresponding, congruent leg are congruent triangles.

Figure A shows the congruency of two pairs of legs. So, this is not the answer.

Figure B shows the congruency of one pair of legs and one pair of angles. So, this is not the answer.

Figure C. shows the congruency of the two hypotenuses and one pair of legs. So, this is the righ answer.

Logarithmic Functions Question, Many Points
I got the first part of this question correct, I believe.
I was supposed to find the graph with a base of 3 (attached), but now I need to justify my answers, which I don't understand. Here are the choices:

The graph of f(x)= log_3 x+c must intersect with the line y= c+1 when x= 3.

The graph of f(x)= log_3 x+c must intersect with the line y= c when x= 3.

The graph of f(x)= log_3 x+c must intersect with the line x= c when y= 3.

The graph of f(x)= log_3 x+c must intersect with the line x= c+1 when y= 3.

Answers

The best choice appears to be the first one.
   The graph of [tex]f(x)=\log_{3}(x)+c[/tex] must intersect with the line y= c+1 when x= 3.

_____
See the attachment for plots of base-3 logarithms. Note that when [tex]c=1.4[/tex], the value of f(3) is 1 more than the value of [tex]c[/tex].

hey can you please help me posted picture of question

Answers

The correct answer is: 12 (Option A)

Explanation:
Total outcomes of rolling a die = 6 (as there are six sides)Total outcomes of  tossing a coin = 2 (there are two sides)
Total number of possible outcomes of both = 6*2=12 (Option A).

It represents the number of leaves required on the tree diagram.

Which description best describes the three-dimensional object that is formed when the segment is rotated about the axis as shown?

an oblique cylinder
a cone with an open base
a triangular prism
a hollow pyramid

Answers

Second option is correct. A cone with open base is formed when the segment is rotated about the axis as shown in figure.

What is solid revolution?

A solid revolution is a three dimensional figure obtained by rotating a two-dimensional figure or (curve) around a straight line(called the axis) that lies in the same plane.

According to the question

If we see in the given figure, there is a triangle about a vertical line. As the triangle is revolved about a line, the vertices A and C remain stationary. While the vertex B  which follows the path of circle. As the triangle rotates, AB creates the outline of cone.

Hence, Option second is correct i.e. a cone with an open base.

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Answer: A cone with an open base.

Step-by-step explanation:

      The correct answer is a cone with an open base. When this segment is rotated around the axis as shown, the three-dimensional object formed will be a cone with no base. If you imagine mirroring the segment shown, you will create a triangle with no base. Next, if you imagine spinning this triangle around, you will be left with a cone. Since the segment does not connect to the axis at the bottom, the resulting cone will have an open base.

      A visual example of a cone is attached below.

You earn $56 for washing 8 cars. How much do you earn for washing 5 cars?

Answers

You earn $56 for washing 8 cars.

First find out how much you earn washing one car. Divide 56 with 8

56/8 = 7

You earn $7 for washing 1 car.

Now find out how much you earn washing 5 cars.

7/1 (being $7 per 1 car)
5/5 (amount of cars washed)

7/1 x 5/5 = 35/5

For 5 cars, you earn $35.

$35 is your answer

hope this helps
Hello there!

$56 = 8 cars
$x   = 5 cars

Now we can do cross multiply

8 * x = 5 * 56

8x = 280

Now we can divide both sides by 8

8x/8 = 280/8

x = 35

Thus,

You earned $35 for washing 5 cars!


What is the area of the rhombus shown below? A. 110.5 square units B. 129.2 square units C. 221 square units D. 15 square units

Answers

the answer is A. 110.5

The area of the rhombus is 110.5 square units if the lengths of the diagonal of a rhombus are 13 and 17 units option (A) 110.5 square units is correct.

What is a rhombus?

A rhombus is a two-dimensional shape having four parallel opposite pairs of straight, equal sides. This shape resembles a diamond and is what you'd find on a deck of cards to represent the diamond suit. Rhombuses can be encountered in a variety of common situations.

We have a rhombus shown in the picture with dimensions:

As we know,

The area of the rhombus is given by:

A =pq/2

p and q are the lengths of the diagonal of a rhombus.

p = MK = 13 units

q = JL = 17 units

Plug the values in the formula:

A = (13×17)/2

A = 221/2

A = 110.5 square units

Thus, the area of the rhombus is 110.5 square units if the lengths of the diagonal of a rhombus are 13 and 17 units option (A) 110.5 square units is correct.

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Make up an equation of the form y = kx +b, the graph of which passes through the following points: C (–19, 31) and D (1, –9)

Answers

Try this way:
it is possible to make up the system of two equations using the coordinates of points C and D:
31=k*(-19)+b - if to substitute the coordinates of point C;
-9=k*1+b - if to substitute the coordinates of point D.
[tex] \left \{ {{-19k+b=31} \atop {k+b=-9}} \right. \ =\ \textgreater \ \ \left \{ {{20k=-40} \atop {k+b=-9}} \right. \ =\ \textgreater \ \ \left \{ {{k=-2} \atop {b=-7}} \right. [/tex]
y=-2x-7

answer: y=-2x-7

What form of a quadratic function would be graphed having the vertex at the same point as the y-intercept

Answers

9514 1404 393

Answer:

  a form with no horizontal translation of the parent function

Step-by-step explanation:

If the vertex is the y-intercept, then it has not moved horizontally from its position in the parent function. The form of the quadratic is one without any horizontal translation.

A quadratic function with its vertex and y-intercept at the same point would be in the form f(x) = ax². The coefficients b and c must be zero for the vertex to be at the origin (0,0), and by varying a, we can achieve a vertical stretch or shrink without altering the y-intercept.

The student's question pertains to the graph of a quadratic function with specific conditions on its vertex. If a quadratic function has its vertex at the same point as its y-intercept, then the vertex is located at the origin (0,0), because the y-intercept is the point where the graph crosses the y-axis, and at the vertex, the value of y is at its maximum or minimum depending on the direction of the parabola.

The standard form of a quadratic function is f(x) = ax² + bx + c. For the function to have its vertex at the origin, both b and c would need to be zero, making the function f(x) = ax². This represents a parabola that opens upwards if a is positive, or downwards if a is negative.

To maintain the y-intercept, we must ensure that the transformation applied to the graph, such as a vertical or horizontal shrink, does not alter the location of the vertex. A horizontal shrink is achieved by making a larger absolute value while ensuring that it remains positive or negative in accordance with the original direction of the parabola.

3. Jared has two ropes. Each rope is 9 inches long. How many inches of rope does he have in all?

Answers

the answer is super easy all you have todo is to add nine plus nine and then you will get your answer to save time the answer is 19.

The length of one rope = 9 in

Number of ropes Jared have = 2.

The total inches of rope does Jared have will be calculated as under -

We can add the length of two ropes as = 9 in + 9 in = 18 in

Or we can do it by other method as well.

The other method is by multiplying -

The total inches of rope does Jared have = The length of one rope × Number of ropes Jared have

The total inches of rope does Jared have = 9 in × 2 ropes = 18 in

estimate the difference between 9,030 and 738

Answers

The way you can estimate this easily is to round 9,030 and 738 to the ones place.

9,030 ⇒ 9,000
738 ⇒ 700

9,000 - 700 = 8,300

Henry cut a piece of yarn that was 11/6 into two pieces. List to different pairs of fractions that could show the lengths , in feet , of the two pieces.

Answers

you could have 11/12 or 22/24

Greg has 8/9 of a small box of cereal. He also has 5/6 of a pint of milk . He needs to pour 2/3 of each into a bowl.

Answers

Missing questions:
How much cereal was poured? How much milk was poured?

Solution:
Cereal poured = 2/3 of 8/9 of a small box of cereal = 8/9*2/3 = 16/27 of a small box of cereal.

Milk poured = 2/3 of 5/6 pint of milk = 5/6*2/3 = 5/9 pint of milk
Other Questions
Which of the programs below would not transfer wealth from young to old generations?a. taxes are raised to provide more generous social security benefits.b. taxes are raised to improve government infrastructure such as roads and bridges.c. taxes are raised to provide more generous medicare benefits.d. taxes are reduced as a result of cutting expenditures on education? 9) If the circle x2 - 4x + y2 + 2y = 4 is translated 3 units to the right and 1 unit down, what is the center of the circle? In the cis configuration, the methyl groups are placed _____. The larger square garden at Volterra Hall has sides twice as long as the smaller square garden. Together the gardens cover 18,000 square feet. Find the dimensions of each garden. Which of the following is a multicellular organism? insect human flower all of the above When your vehicle is about to be hit from the rear, be ready to ______. a. turn sharply b. apply the brakes c. accelerate quickly d. secure your safety belt? The chemical equation below shows the decomposition of nitrogen triiodide (NI3) into nitrogen (N2) and iodine (I2). 2NI3 mc030-1.jpg N2 + 3I2 The molar mass of I2 is 253.80 g/mol, and the molar mass of NI3 is 394.71 g/mol. How many moles of I2 will form 3.58 g of NI3? Write an equation in intercept form of the parabola that passes through the point (1,32) and has x-intercepts 7 and 3? The ________ of a glacier is where snowfall and moisture collect and compact to ice in the winter, and ice persists throughout the summer. A person on earth would weigh a lot more on the sun due to increased ________________. gravity mass atoms energy At the local government level, which government official or body would have the power to increase the property tax rate?A)GovernorB)Town ManagersC)General AssemblyD)County Commissioners Which of the following planets has the most moons? venus mercury earth mars? What was one of the outcomes of the Cuban missile crisis in 1962 Anthony observes that when people are leaving class, about 50% turn left and about 50% turn right. Anthony wants to estimate the probability that fewer than 3 of the first 4 students will turn left when leaving class tomorrow. To do this, he lets H represent turning left when leaving class and T represent turning right. He then flips a coin 4 times, recording the results. He repeats this process for a total of 20 trials. HHTTTHHTHTTTHTHH HHTTHTHTTHTHTTHH HHHHHTTHHHHTTTHT THHHTHTHHHTTHTTT HTTHHHTTHTHHHHTH Drag and drop the correct fraction to the box to estimate the probability, using this simulation. Estimated probability that fewer than 3 of the first 4 students leaving class tomorrow will turn left: The three main island groups in the Philippines are _____. -Mindanao -New Guinea -Luzon -Java -Sumatra -Visayas Les cheveux de Carole sont moins long que les cheveux de Mylne.Is there any mistakes? which geographic characteristic helped the civilizations of early Greece to become successful in the trade industry? Greece contains many islands. Greece is close to Rome. Greece is bordered by the Mediterranean Sea. Greece contains many valuable minerals. Which of the following was an aggressive form of nationalism popularized by U.S. press? A social Darwinism B imperialismC jingoismD federalism Ben walks 500 meters from his house to the corner store. He then walks back toward his house, but continues 200 meters past his house to talk to a neighbor. It takes Ben 17 minutes from the time he leaves his house until he stops to talk to his neighbor. What is Bens average velocity? Who was the port city of New Orleans was founded by