mmblanchette mmblanchette

07-06-2020
Mathematics

contestada

A loan company charges $30 interest
for a one month loan of $500. Find the annual interest they are charging

Respuesta :

Charmber06 Charmber06

09-06-2020

Answer:

0.72%

Step-by-step explanation:

Finding what percentage is $30 of $500:

30/500 x 100 = 6

So, it is 5% per month.

Converting it to annual:

6% x 12 = 0.72%

Answer Link

Otras preguntas

Two small metal cubes with masses 2. 0 g and 4. 0 g are tied together by a 5. 0-cm-long massless string and are at rest on a frictionless surface. Each is charg

How much does troy aikman make a year broadcasting.

Could someone help me with this problem!:)

Identify the gerund phrase: "Learning a new language is taking longer than I expected."

Gaira was asked to evaluate the algebraic expression –3. 8x 6 when x = –7. 5. –3. 8(–7. 5) 6(–7. 5) 28. 5 (–45) (–16. 5) What mistake did she make? What is the

What are some advantages Cortes had in the battle for Tenochtitlan?

Which characteristic of living things enables someone to smell a flower?

eign policy proposal. Write your report to the government of Karmin in the form of a three-paragraph essay. Use this rubric to guide your response. Be sure to a

at 1:30 p.m ms, Kwan found a parking meter that still had 10 minutes until it expired she put 2 quarts into the meter and went to her meeting. if 10 cents buys

A south magnetic pole brought near a north magnetic pole