The treasurer of Aspire to Inspire Incorporated is seeking a $30,000 loan for 180 days from Wrigley Bank and Trust. The stated interest rate is 10 percent and there is a 15 percent compensating balance requirement. The treasurer always keeps a minimum of $2,500 in the firm's checking account. These funds could count toward meeting any compensating Balance requirement. What is the effective rate of interest on this loan?

Effective interest rate on the loan is 11.76%

Step-by-step explanation:

Here we have loan amount, Principal = $30,000

Duration of loan = 180 days

Interest on loan = 10% = 10% of $30,000 =  $3000  

Compensating balance = 15% of $30000 = $4,500

Available balance =  $30,000 -  $4,500 =  $25,500

Therefore, the effective interest rate is given by

Effective interest rate on the loan =  0.1176 or 11.76 %.

b

step-by-step explanation:

second option

step-by-step explanation:

the measures of a triangle equal 180. use that to find x.

2x+3x+4x=180

9x=180

9x/9=180/9

x=20

now you know x, you know angle a is 40°, angle b is 60°, angle c is 80°.

because angle a is 40°, the first option doesn't work.

because angle b is 60°, the second option does work.

when you add angle a and b, you get 100°. complementary means it equals 90°, so the third option doesn't work.

when you add angle a and c, you get 120°, which is not 100.