subject
Mathematics, 25.11.2019 10:31 jodonw5616

9.6.6. the pawn shop business model. on april 9, 2011 the new york times reported on a pawn shop that opened in an ex-blockbuster store: the borrowers are given 60 days to pay back the loan, and la familia charges a 20 percent interest rate per month. (so for a $100 loan, the borrower would need to pay back $140 after 60 days.) a. explain why 20% interest per month on a $100 loan for two months would actually require repayment of a little more than $140. b. what is the annual interest rate when this business lends money?

ansver
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 19:30, kktiger14
Find the actual dimensions of the box. the side length are in meters and integers. the surface area of the box is 104 m2 and volume of the box is 60 m3.
Answers: 1
image
Mathematics, 21.06.2019 23:30, georgesarkes12
Oliver had $50 on the day before his birthday. after he recived some money for his birthday , he had $75. write and solve eqaution to find how much money oliver received for his birthday. x+50=75
Answers: 1
image
Mathematics, 22.06.2019 00:00, mattiemattoos
One of the complementary angles is 4 degrees mor than the other. find the angles (recall that complementary angles are angles whose sum is 90 degrees.) which of the following can not be used to solve the problem if x represents one of the angles? a. 2x-4=90 b. 2x+4=90 c. x+4=90
Answers: 1
image
Mathematics, 22.06.2019 00:00, emmagbales
Given the diagram below, michael writes, "segment ac is congruent to segment ac." which of the following reasons allow him to write this statement?
Answers: 1
You know the right answer?
9.6.6. the pawn shop business model. on april 9, 2011 the new york times reported on a pawn shop tha...

Questions in other subjects:

Konu
Business, 08.02.2021 14:00
Konu
Chemistry, 08.02.2021 14:00