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

If 'm' processes share 'n' resources of the same type, the maximum need of each process does not exceed 'n' and the sum of all their maximum needs is always les

To watch an mpeg file, you'll need an app such as Windows Media Player or QuickTime. These apps are called video ___a. playersb. panelsc. instrumentsd. controll

What are the benefits of chamomile tea?

During the late-Middle Ages, poulaines, also known as pointed shoes, became a prominent status symbol in France and across Europe. These long, exaggeratedly poi

Explain about chemical formula of ester

What data collection method was chosen to analyze the case study and why? Why were other options ruled out? Please support your decision with at least one schol

Let h(x)equals=xplus+44 and g(x)equals=StartRoot x minus 3 EndRootx−3.Find (hminus−g)(00).

How can a desire for peace lead to violence? Give 10 examples

What is not a benefit of using agar? A) It is a solidifying agent used for microbial growth. B) It can be metabolized by microbes. C) It can be liquified easily

What is unusual about Emerson Lake and Palmer's version of Pictures at an Exhibition?a) The use of Shakespearean language in the lyricsb) The incorporation of e