Register
A lender makes a $4,000 90-day consumer loan. Interest of 10% is charged using a 360-day year. What is the APR? Express the rate to the nearest tenth of a percent.
222k views
0 votes
A lender makes a $4,000 90-day consumer loan. Interest of 10% is charged using a 360-day year. What is the APR? Express the rate to the nearest tenth of a percent.

User Sumeet Gavhale
by
8.3k points

2 Answers

3 votes

Answer:

Explanation:

User Tom Bartel
by
8.7k points
5 votes

$4500 is the answer

User Hans Van Dodewaard
by
8.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!