Saul paid off a loan with a simple interest rate of 4.7% in 9 months. what was the apr?

Answers

Answer 1

The annual percentage rate (APR) for Saul loan who paid off a loan with a simple interest rate of 4.7% in 9 months is 6.3%.

What is equivalent ratio?

Equivalent ratio is the ratio which is same in the value as the original ratio but the numerator and denominator is different for both the ratios.

Saul paid off a loan with a simple interest rate of 4.7% in 9 months. Here, the rate of interest is 4.7%. The time period is 9 months. Thus, the ratio for rate to month is,

[tex]r=\dfrac{4.7}{9}[/tex]

Let the annual percentage rate (APR) is x%. Thus, the rate in 12 months is,

[tex]\text{12 months - x\%}[/tex]

[tex]r=\dfrac{x}{12}[/tex]

Comparing both the ratios,

[tex]\dfrac{x}{12}=\dfrac{4.7}{9}\\x=\dfrac{4.7}{9}\times 12\\x\approx 6.3\%[/tex]

Hence, the annual percentage rate (APR) for Saul loan who paid off a loan with a simple interest rate of 4.7% in 9 months is 6.3%.

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Related Questions

A survey was conducted two years ago asking college students their top motivations for using a credit card. you think this distribution has changed. you randomly select 425 college students and ask each one what the top motivation is for using a credit card. can you conclude that there has been a change in the​ distribution? use complete parts​ (a) through​ (d).

Answers

As the survey was conducted two years ago asking college students about credit cards and their motivation to top it. The change in distribution is discussed.

What is a Credit Card?

A Credit card lets the user to spend more amount of money than that is available in his/her bank account, credit card can be used to shop online and even buying at stores.

This amount of money is repayable on a specified term and a nominal interest rate is charged.

The distribution is not changed in the first but then it was changed. According to the survey conducted from 425 college students.

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Armando is a trained healthcare professional who analyzes oxygen levels of the blood. he performs tests that can show the severity of a patient’s respiratory condition and helps formulate a treatment plan. what kind of respiratory professional is armando?

Answers

Answer:

blood

Explanation:

What is the writer's primary purpose for writing this article

Answers

Answer:(B) to persuade the audience to share the writer’s point of view

Explanation:

Trust the process

Which system of equations can be used to find the roots of the equation ?

Answers

Answer:

the root of quadratic equation

1. click here to access an interactive simulation where you will explore the transfer and transformations of different types of energy that you have learned about in this lesson. 2. click the systems box, and then select the energy symbols box. this will allow you to see the movement of energy and its type in the system. 3. under the bike the person is riding, drag the blue rectangle to the right to start the system. 4. the chemical energy in the person's body is transformed into when they peddle the bike, causing the generator to rotate. some energy in the bike wheel is lost to . the generator produces electricity, which heats the water, causing it to produce thermal energy in the form of steam. when the person's chemical energy runs out, how do you replenish it? 5. change the initial energy source to sun, the intermediate energy source to the solar panel, and the final energy source to the windmill. in this system, is produced from the sun and transformed into electricity in the solar panel. both of these types of energy are considered forms of . the result of this system is that the windmill produces mechanical energy. 6. try a few more scenarios, choosing different initial, intermediate, and final energy sources. observe places where energy is transformed and lost. creating systems with the least amount of energy is important in engineering design.

Answers

In question four (4), The chemical energy in the person's body is transformed into   mechanical energy

What is Transformation of Energy?

Energy transformation, is known to be the process whereby energy is to another type.

Note that energy is regarded as the amount of power that is needed to carry out any kind of work (such as Lifting a book), etc.

Other answers are:

When they peddle the bike, causing the generator to rotate. Some energy in the bike wheel is lost to  thermal energy.

When the person's chemical energy runs out, you can replenish it by feeding the person food.

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Answer:

4. Mechanical Energy,

Thermal Energy,

By Feeding Them Food

5. Light Energy, Electromagnetic Energy

Explanation:

Which is one advantage of using a reflecting telescope instead of a refracting telescope?

Answers

Answer:

I think that Reflecting telescopes have many advantages over refracting telescopes. Mirrors don't cause chromatic aberration and they are easier and cheaper to build large. The are also easier to mount because the back of the mirror can be used to attach to the mount.

Explanation:

PLEASE MARK ME BRAINLIEST IF MY ANSWER IS CORRECT PLEASE

You _______ see stop signs on limited access highways.

Answers

Answer: You can expect to see no stop signs or traffic lights on limited access high way.

Explanation: Limited access roads have various name such as expressway, access highway. In case of limited access highway there is no stop signs or traffic lights.

A carpenter asks, "what is the price per foot for pine boards at the lumber yard today?" select from the drop-down menus to correctly complete the statement about the question. the question is choose... because the data choose... .

Answers

Answer:

Not statistical do not vary

Explanation:

Hope this helps! :D

Answer: I have answers for that question and the whole quiz. These are them.

Hope it helped :D

Some questions might not be the same.

Nacl has a delta.hfus = 30.2 kj/mol and a delta.hvap = 171 kj/mol. what mass of nacl releases 452 kj of heat as it changes into a liquid?

Answers

Answer:

D. 155g

Explanation:

Edge?

If c=3,6 and d=4,8. the coordinate of the point of cd is

Answers

The coordinate of CD is the position of CD

The coordinate of the midpoint of CD is (3.5, 7)

How to determine the coordinate of CD?

The coordinates are given as:

C = (3,6)

D = (4,8)

Next, we calculate the midpoint of CD using the following midpoint formula

CD = 0.5 * (x₁ + x₂, y₁ + y₂)

So, we have:

CD = 0.5 * (3 + 4, 6 + 8)

Evaluate the sum

CD = 0.5 * (7, 14)

Evaluate the product

CD = (3.5, 7)

Hence, the coordinate of the midpoint of CD is (3.5, 7)

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Geometry worksheet 11.1-11.2 angles and arcs in a circle answer key

Answers

An example of Geometry worksheet  question is "What is the difference between a minor arc and a major arc".

What is an arc?

In Mathematics, the term “arc”  connote a type of circular shape or a curve that merges two endpoints.

The difference between a minor arc and a major arc" is that:

The measure of a minor arc is known to be less than 180°The measure of a major arc is known to be greater than 180°

Conclusively,  through the measurement of the arc, one can know if it is a major or a minor arc.

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Setting the temperature of a home from a smartphone app is an example of what new technology?

Question 2 options:

Machine learning


Autonomous devices


The Internet of Things


Cloud computing

Answers

Setting the temperature of a home from a smartphone app is an example of the Internet of Things.

What does the 'Internet of Things' mean?

The Internet of things is a term used to describe how software, sensors, etc, can be connected by means of the internet to exchange information.

In this case, the thermostat can be connected to the cell phone to change information and set a predetermined configuration.

Wi-Fi-based thermostats can be used to set a temperature even if a person is away from his/her home.

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Based on the sign of the standard cell potential, ????∘cell, classify these reactions as spontaneous or nonspontaneous as written. assume standard conditions. refer to the list of standard reduction potentials.

Answers

For a cell reaction to be sponteanous, the  standard cell potential must be positive.

What is a sponteanous cell reaction?

We define a cell reaction as sponteanous when the value of the standard cell potential is positive. If the standard cell potential is negative then the reaction is not sponteanous.

The question here is incompete but we know that the reactions that are sponteanous will all have a positive  standard cell potential.

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A force that causes an object to slow down when it touches another object is

Answers

Answer:

Frictional force/ friction

A window is shaped like a parallelogram. The base is 16 inches long. The area is 608 square inches. What is the height of the window? justify your answer by explaining your solution in the space provided

Answers

Area of any parallelogram can be found by the formula Area = base x height. The base and area of the parallelogram is given as 16 inches and 608 square inches. Base and area known we can find the height of the parallelogram

Area = base x height

Or 608=16 x Height

Dividing both sides by 16

Height =38inches

Height of parallelogram is 38 inches.

Every since i read that book on manners, i can't help but notice peoples' awful behavior at the dinner table.

Answers

Answer:

Ever since i read that book on manners, i can't help but notice peoples awful behavior at the dinner table.

Explanation:

change the "every" into ever and "peoples' "  into peoples

Causes of environmental changes in the period 1900 to present

Answers

Answer:

deforestation, desertification, a decline in air quality, and increased consumption of the world’s supply of fresh water

Explanation:

Sketch the solid whose volume is given by the iterated integral.

Answers

A sketch of the solid whose volume is given by the iterated integral is shown in the image attached below.

How to calculate an integral?

In this exercise, you're required to sketch the solid whose volume is given by the iterated integral below. Thus, we would first of all evaluate the integral so as to get a unit value.

Given the following integral:

∫¹₀∫₀¹(4 - x - 2y)dxdy

Integrating x with respect to y, we have:

∫¹₀∫₀¹(4 - x - 2y)dxdy = ∫¹₀[(4 - (1/2)- 2y)]dy

∫¹₀∫₀¹(4 - x - 2y)dxdy = 4y - (y/2) - (2y²/2)|¹₀

Evaluating the integral, we have:

∫¹₀∫₀¹(4 - x - 2y)dxdy = 4(1) - (1/2) - (2(1)²/2)

∫¹₀∫₀¹(4 - x - 2y)dxdy = 4 - 1/2 - 1

∫¹₀∫₀¹(4 - x - 2y)dxdy = 5/2

In conclusion, a sketch of the solid whose volume is given by the iterated integral is shown in the image attached below.

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Which revision exhibits the best word choice for the underlined portion of the sentence? chaos with people losing their jobs lots of people to get fired a drastic increase in unemployment a change in the number of people employed

Answers

The best word choice for the unstable economy is; C. a drastic increase in unemployment.

What is the effect of unstable economy?

The unstable economy was one that resulted in a drastic increase in unemployment which is the underlined portion of the original sentence.

The use of the word "unemployment" rather than the phrase "people to lose their jobs" gives the sentence a more formal tone. That is why the correct answer is a drastic increase in unemployment.

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Answer:

c

Explanation:

Edge 22

Which set of conditions best describes the weather at the area of lowest air pressure?

Answers

It overcast skies with strong winds PLATO!!

Which is a factor that could interrupt the progress of succession?

Answers

Answer:

Natural disturbances such as wind, fire, and disease interrupt succession. Human disturbances such as harvest also interrupt succession.)

List four topics that you could expect to be discussed during premarital counseling. which do you think is most important? why?

Answers

1. How you would handle finances.
2. The possibility of having kids.
3. How arguments/disagreements are handled and/or how they can be handled better.
4. What the patient feels is important for a relationship.

I feel like the finance topic is the most important because statistics show that money is one of the highest causes in arguments for people in relationships.

The main subject of this excerpt is about how mad cow disease starts in the brain and can affect humans. how scientists study the brain and detect anger and madness. how prions can cause a barn to become unstable and dangerous. how farmers should protect barns and houses from cows and other livestock.

Answers

The main subject of this excerpt is about how mad cow disease starts in the brain and can affect humans.

What caused the mad cow disease?

The disease was caused by contaminated cattle feed that contains the prion agent that affected the cows and were transferred to the cattle rearers and farmers.

The mad cow disease manifest in human as depression, loss of coordination, dementia etc.

Hence, the main subject of this excerpt is about how mad cow disease starts in the brain and can affect humans.

Therefore, the Option A is correct.

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Each of the following is a condition necessary for natural selection to occur except

Answers

Answer:

population size is very large population size is very large population size is very large

Explanation:

Population size is very large population size is very large population size is very large.

What is genetic drift?

Genetic drift is a mechanism of evolution in which allele frequencies of population change with generations due to chance (sampling error). Genetic drift occurs in all the populations of non-infinite size, but its effects are the strongest in small populations.

Genetic drift occurs in small populations, where infrequently-occurring alleles faces greater chance of being lost. Once it begins, genetic drift continues until the involved allele is either lost by population or is the only allele present at particular gene locus within the population.

Genetic drift is primarily associated with small breeding populations and mutations are regarded as strong evolutionary mechanism for changing allelic frequencies.

Therefore, Population size is very large population size is very large population size is very large.

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A letter is selected at random from the english alphabet

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Answer:

Given that a letters is choosen at random from the english alphabetTotal letters = 26 The probability that choosen a vowel = A, E, I, O, U 

Hydrogen ions produced in human red blood cells are prevented from significantly lowering ph by combining with

Answers

The hydrogen ions that are produced in human red blood cells are prevented from significantly lowering blood pH by combining with hemoglobin.

What are red blood cells?

Red blood cells is also referred to as erythrocytes and it can be defined as the blood component of a living organism which makes up approximately 41% of the total blood’s volume within the body. Also, it is saddled with responsibility of supplying oxygen to the body tissues of a living organism.

Generally, the hydrogen ions that are produced in human red blood cells are prevented from significantly lowering blood pH by combining with hemoglobin.

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Calculate the energy stored in a spring when it is compressed 5mm by a 60n force

Answers

If a 60-N force is compressing the spring a distance of 5 mm = 0.005 m, then by Hooke's law, the spring has constant k such that

60 N = k (0.005 m)   ⇒   k = 12,000 N/m

Then the spring is storing

1/2 (12,000 N/m) (0.005 m)² = 0.15 J

of potential energy.

A media organization is interested in reporting election results in a congressional election prior to the final tally of votes which will not occur until later in the evening. the organization randomly selects several polling places across the district asking voters whom they voted for. the type of poll being used in this scenario is known as

Answers

The name which is given to this type of poll which is being described in this scenario is  an exit poll

How does the vote organization work?

In this scenario where a media organization asks people who they voted for, as a result of this, we can see that the type of poll which was used in this described scenario above is known as an exit poll because it is used to get the poll of the voters just after they have left the polling stations.

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An airplane flies at an altitude of 5 miles toward a point directly over an observer consider and x

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Ava ran at an average speed of 6 miles per hour while Kelly ran at an average speed of 8 miles per hour, both would be 3/4 mile apart after 45/14 minutes

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

Trigonometric ratio is used to show the relationship between the sides and angles of a right angled triangle.

From the diagram:

tan(θ) = 5/x

The relationship between the angle θ and the horizontal distance (x) is tan(θ) = 5/x

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Josh pays $1,000 for a treasury inflation-protected security that has an annual interest rate of three percent. by the end of the first year that he owns the bond, consumer prices have increased by 10 percent. after this adjustment, how much interest is he paid per year?

Answers

The amount of interest he is paid per year after the adjustment with price increse gives us; $33

What is the interest paid?

Treasury inflated protected security is defined as a type of security issued by the government that is indexed for inflation. .

In this question, we see that Josh is paying $1,000 for a treasury inflation-protected security.

Now, if the value of Josh's bond increases by 10% as a result of increase in consumer price, the new bond price is;

New bond price = 1.10 * 1,000 = $1,100

The interest paid by Josh is 3%. Thus;

New interest paid = 0.03 * 1,100 = $33

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