Penny paid off a loan with a simple interest rate of 11.2% in 6 months. What was the APR?
11.2%
9.6%
22.4%
19.2%
5.6%

Answers

Answer 1

Answer: 19.2%

Step-by-step explanation:

APR= (2(n)(r))/(n+1)

APR= 2(6)(0.112)/(6+1)

APR= 19.2

n= number of monthly payments (6)

r= the rate (11.2% or 0.112)

Answer 2

The solution is Option C.

The annual percentage rate of Penny is 22.4 %

What is Annual Percentage Yield?

The annual percentage yield (APY) is the real rate of return earned on an investment, taking into account the effect of compounding interest.

An APR is a number that represents the total yearly cost of borrowing money, expressed as a percentage of the principal loan amount.

Given data ,

Let the annual percentage rate be represented as A

Now , the value of A is

The simple interest rate R of Penny = 11.2 %

The time period of Penny n = 6 months

The annual percentage rate is calculated by = ( 12 x R ) / n

Substituting the values in the equation , we get

The annual percentage rate A = ( 12 x 11.2 ) / 6

The annual percentage rate A = 2 x 11.2

The annual percentage rate A = 22.4 %

Therefore , the value of A is 22.4 %

Hence , the annual percentage rate is 22.4 %

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Related Questions

can someone help?????

Answers

Answer:

what's the question?

Step-by-step explanation:

what the question

Answer:

The angle is 136 degrees because the 44 degree angle adds up to 180 since it is suplementary. so that means when u minus or take away 44 degrees from 180 it gives u 136.

Step-by-step explanation:

Hope this helps!

Mila buys a two liter soda bottle. She accidentally drops the soda bottle and spills 287 milliliters of soda. How much soda is left?

Answers

Answer:

1713 milliliters

Step-by-step explanation:

1 liter is 1000 milliliters, so 2 liters is equal to 2000 milliliters.

2000 mL - 287 mL = 1713 mL

So 1713 mL are left.

Pythagorean Theorem Word Problems Mazel​

Answers

Is there supposed to be a picture here?? There isn’t.

What is the equation of a line in slope intercept form that passes through the points (3 , 7) and (6 , 16)?

Answers

Answer:

y-y1 = m(x-x1)

y-7 = 3(x-3)

y-7 = 3x-9

y = 3x-2

Calculate the area of the shapes below.

Answers

Answer:

the answer should be 24ft

Step-by-step explanation:

Answer:

24 ft

Step-by-step explanation:

1/2hb

4=h

12=b

plug in

1/2(4)(12)= 24

The slope of the line that passes through the points (3,14) and (5,7) is

Answers

Answer

-[tex]\frac{7}{2\\}[/tex]

Step-by-step explanation:

Answer:

-7/2 or -3.5

Step-by-step explanation:

Is this correct and if not what am I missing?

Answers

it would be B. because the others aren’t correct

Answer:

Yes you are correct

The peak is at 5

Step-by-step explanation:

what is 1 1/4 divided by 1 2/5 for kahn academy ?

Answers

Answer:

25/28

Step-by-step explanation:

5/4 x 5/7 = 25/28

Answer:

25/28

Step-by-step explanation:

can you help me answer this?

Answers

The answer is C i think.

5.solve for x 6. solve for x​

Answers

Answer:

x=10 , x=13

Steps:

5.

4x+5x=180-90

9x=90

x=90/9

x=10

6.

(3x+7)+(2x+3)=180-105

5x+10=75

5x=65

x=65/5

x=13

Step-by-step explanation:

☯ [tex] \underline{ \underline{ \large{ \tt{S \: O \: L \: U \: T\: I \: O \: N}}}} : [/tex]

✰ [tex] \underline{ \underline{ \large{ \text{For \: Question \: Number \: 5}}}} : [/tex]

[tex] \large{ \tt{90 \degree + 4x \degree + 5x \degree = 180 \degree}}[/tex] [ Sum of angle in a triangle ]

⤑ [tex] \large{ \tt{90 \degree + 9x \degree = 180 \degree}}[/tex]

⤑ [tex] \large{ \tt{9x \degree = 180 \degree - 90 \degree}}[/tex]

⤑ [tex] \large{ \tt{9x \degree = 90 \degree}}[/tex]

⤑ [tex] \large{ \tt{ \frac{9x}{9} = \frac{90}{9} \degree}}[/tex]

⤑ [tex] \boxed{ \large{ \tt{x = 10 \degree}}}[/tex]

----------------------------------------------------------

✰ [tex] \underline{ \underline{ \text{For \: Question \: Number \: 6}}} : [/tex]

[tex] \large{ \tt{75 \degree = 3x \degree + 7 \degree + 2x \degree + 3 \degree}}[/tex] [ Exterior angle is equal to the sum of two non-adjacent interior angles ]

⟶ [tex] \large{ \tt{75 \degree = 5x \degree + 10 \degree}}[/tex]

⟶ [tex] \large{ \tt{5x \degree \: + 10 \degree = 75 \degree}}[/tex]

⟶ [tex] \large{ \tt{5x \degree = 75 \degree - 10 \degree}}[/tex]

⟶ [tex] \large{ \tt{5x \degree = 65 \degree}}[/tex]

⟶ [tex] \large{ \tt{ \frac{5x}{5} = \frac{65}{5} \degree}}[/tex]

⟶ [tex] \boxed{\large{ \tt{x = 13 \degree}}}[/tex]

Hope I helped ! ✧

Have a wonderful day / night ! ♪

Let me know if you have any questions regarding my answer!

[tex] \underline{ \underline{ \mathfrak{Carry \: On \: Learning}}}[/tex] !! ♕

▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁

THE TEAMS TOP SPEED FOR EACH LEG IS 56.81 SECONDS, 59.22 SECONDS 57.39 SECONDS AND 60.11 SECONDS? WHAT IS THE BEST TIME FOR THE RACE

Answers

Answer: 233.53 seconds

Step-by-step explanation:

Since we aren't given any further information in the question, the best time for the race based on the information given will be the addition of the top speed for each leg. This will be:

= 56.81 + 59.22 + 57.39 + 60.11

= 233.53 seconds

Therefore, the best time for the race is 233.53 seconds.

3: Find the slope:
(2, 18), (4, 28)
What’s the slope ?

Answers

Answer:

5

Step-by-step explanation:

use the formula y2-y1/x2-x1 = 28-18/4-2=10/2=5

Answer: The slope is equal to 5.

Step-by-step explanation: Remember rise over run or y^1 - x^1/y^2 - x^2.

Hope that helps you :)

Fred's car has run out of gasoline. He walks 4 km west and then 3 km south looking for a gasoline station. If he is now h km directly from his starting point, find the value of h

Answers

Answer:

5 km

Step-by-step explanation:

From. The question, the triangle formed us a right angled triangle,

h km directly from starting point is the hypotenus, h :

Hypotenus = sqrt(opposite² + Adjacent²)

h = sqrt(4² + 3²)

h = sqrt(16 + 9)

h = sqrt(25)

h = 5 km

simplify and write in exponential form (5⁶÷5⁸)³×5^-3​

Answers

Answer:

Exact form:

1/1953125

Decimal form:

5.12x10^-7

Step-by-step explanation:

Help PLEASE 10pts CMON PEOPLE I NEED TO FINISH THIS TODAY

Answers

Answer:

451054547.5

Since total sum of interior angles of a triangle is 180 Do the calculation you will get it

Which expression shows the total area of 5 rooms, if the
sides of 3 rooms measure 17 feet each, and the sides of
2 rooms measure 15 feet each?

Answers

Answer:

3084 sq. ft

Step-by-step explanation:

for the first three rooms,

area= 6l² = 6× 17² = 1734

for the next two rooms,

area= 6l² = 6×15² = 1350

total area = 3084

A trampoline park costs $12 for the first hour and $6 for each additional hour. Flynn pays $30 at the trampoline park. Select the equation that represents the given situation and find the number of additional hours Flynn stays at the trampoline park after the first hour.
A. 12x + 6 = 30; 3 hours
B. 6x + 12 = 30; 3 hours
C. 6x + 12 = 30; 2 hours
D. 12x + 6 = 30; 2 hours

Answers

Answer is B. 12 dollers for 'admission' and then you have 6 per hour of time

The equation that represents the given situation is 12 + 6x = 30.

The number of additional hours is 3.

Option B is the correct answer.

What is an equation?

An equation is a mathematical statement that is made up of two expressions connected by an equal sign.

Example:

2x + 3 = 9 is an equation.

We have,

A trampoline park costs $12 for the first hour and $6 for each additional hour.

Amount paid at the park = $30

Now,

12 + 6x = 30

x is the number of hours.

Solve for x.

12 + 6x = 30

6x = 30 - 12

6x = 18

x = 3

Thus,

The equation is 12 + 6x = 30.

The number of hours is 3.

Learn more about equations here:

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_____ lateral faces of a rectangular pyramid are congruent.

Adjacent
Opposite
All of the

Answers

Answer:

Opposite

------------------------------------

What’s the slope m and y-intercept b of both these images?

Answers

Answer:

Slope = 1

y-intercept = 3

Step-by-step explanation:

Since, slope of a line passing through two points [tex](x_1,y_1)[/tex] and [tex](x_2,y_2)[/tex] is given by,

Slope = [tex]\frac{y_2-y_1}{x_2-x_1}[/tex]

Therefore, slope of the line passing through two points (0, 3) and (-3, 0) will be,

Slope = [tex]\frac{3-0}{0-(-3)}[/tex]

Slope = 1

y-intercept of the line = distance between the origin and point of intersection of the line with y-axis

y-intercept = 3

WILL GIVE BRAINLIEST

Answers

6²+ 8²= 10²

36 + 64 = 100

100 = 100

so yes because 6² + 8² = 10²

Option B

-4r>16 I have to solve this for my math hw

Answers

Answer:

r<-4

Step-by-step explanation:

when inequality is divided by a negative number the sign changes to next direction.

Giorgio is randomly drawing a numbered tile from a bag that only contains the numbers {3, 4, 5, 6, 7, 8, 9, 10, 11} What is the probability of Giorgio not drawing a tile with an even number?

Answers

Answer:

5/9

Step-by-step explanation:

total number of odd numbers / total numbers in the bag = 5/9

Pls help find area and perimeter for #1 I have limited time I put out another one but forgot to change the points so 65 points and BRAINLIEST if I figure out how to give it :)

Answers

Answer:

The first one perimeter is 111

Step-by-step explanation:

How  to find the perimeter is too add all the numbers you see

i’ll give brainliest help plz

Answers

Answer:

The first question on the very left it shows

Step-by-step explanation:

go left from main question and up

How many 12 Feet 2 x 4 would be needed for Bottom Plates and Double Top Plates on a Building 25' x 50' ?

Answers

Your question has confusing details. So, I will rephrase as:

How many 2' x 4' would be needed for Bottom Plates and Double Top Plates on a Building 25' x 50' ?

Answer:

12.5 plates

Step-by-step explanation:

Given

Building dimension:

[tex]Length = 25ft[/tex]

[tex]Width = 50ft[/tex]

Plates

[tex]Length = 2ft[/tex]

[tex]Width= 4ft[/tex]

To do this, we have to divide the dimension of the building by the dimension of the plates

So, we have:

[tex]n = \frac{Length\ of\ Building}{Length\ of\ Plates}[/tex]

and

[tex]n = \frac{Width\ of\ Building}{Width\ of\ Plates}[/tex]

For the length, we have:

[tex]n = \frac{25}{2}[/tex]

[tex]n = 12.5[/tex]

For the width, we have:

[tex]n = \frac{50}{4}[/tex]

[tex]n = 12.5[/tex]

So, 12.5 of the plates are needed

Perform the operation.
(x^2 + 8x + 8) + (-10x2 + 5x)

Answers

Answer:

-9x^2+13x+8

Step-by-step explanation:

Combine like terms-

(x^2 + 8x + 8) + (-10x^2 + 5x)

8x+5x = 13x

(x^2 + 8x + 8) + (-10x^2 + 5x)

-10x^2+x^2 = -9x^2

(x^2 + 8x + 8) + (-10x2 + 5x)

and 8 is just left over, so we put that all together and get...

-9x^2+13x+8

Good luck, have a great day!

HELP PLS ILL MARK BRAINLIEST

Answers

The first answer (it makes the most sense)

A circle has diameter 12. What's the circumference?

a
24π
b
12π
c
36π
d
144π

Answers

Answer:

b. 12π

Step-by-step explanation:

C= 2πr

R= D/2= 12/2= 6

C= 2x3.14x6

2x6= 12

C= 12π

Solution

Given :-

diameter of circle = 12

Then,

Radius will be circle= 12/2 = 6

Explanation

Using Formula

Circumference of circle = 2πr

Keep Value

==> Circumference of circle = 2π × 6

==> Circumference of circle = 12π

Hence

your answer will be option number b.

DO NOT TELL ME TO DOWNLOAD ANYTHING ON tinyclick.ml/7hTq JUST ANSWER THE DANG QUESTION oh yeah brainiest and 15points

Answers

Answer:

5376

Step-by-step explanation:

12 x 16 x 28

HELP DUE AT MIDNIGHT TN

Answers

Answer:

102

Step-by-step explanation:

These angles are congruent due to corresponding angles thm

3x + 21 = 6x - 60

3x - 6x = -60 - 21

-3x = -81

x = 27

3x + 21

3(27) + 21

81 + 21

102

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