d his summer job. If he earned the
amount each week, how much die
each week?
Answer:
Chantelle will pay $73 of interest for a loan of $3,500 with an APR of 4.25%.
Step-by-step explanation:
Since APR is defined as the anual percentage rate, the amount of interest that Chantelle will pay can be expressed as:
I=L*(1+APR/100%)^n-L
Where L is the amount of money borrewed and n the numbers of years. As Chantelle repay the loan in less than a year n is less than 1:
n = 6 months / 12 months = 0.5
Then replacing the calculated value of n, the ARP and the the borrowed money:
I=$3,500*(1+4.25%/100%)^0.5-$3,500
I=$3,500*(1+0.0425)^0.5-$3,500
I=$3,500*1.021-$3,500
I=$3,573-$3,500
I=$73
Answer:
I believe the answer is 55.
Step-by-step explanation:
Because if Malachy gets 44 and the ratio is 4:5 it would only make sense if Paul got 55.