Suppose you borrow $250 from a payday lender for one week at a weekly rate of 10%. You'll obviously owe $275 at the end of a week. If you are unable to repay the loan, however, the lender will say that you now owe not only $275 but also 10% of that $275 at the end of the second week. Under this scenario, it turns out that after n weeks of not repaying anything you would owe 250 × 1.1n dollars. Use this formula to determine how much you would owe after 10 weeks. (Round to the nearest cent.) $648.44 648.44 What total percent interest are you being charged on your 10-week loan? (Round to the nearest percent.) 1.5938 159 %
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Suppose you borrow $250 from a payday lender for one week at a weekly rate of 10%. You'll obviously owe $275 at the end of a week. If you are unable to repay the loan, however, the lender will say that you now owe not only $275 but also 10% of that $275 at the end of the second week. Under this scenario, it turns out that after n weeks of not repaying anything you would owe
Use this formula to determine how much you would owe after 10 weeks. (Round to the nearest cent.)
$648.44
648.44
What total percent interest are you being charged on your 10-week loan? (Round to the nearest percent.)
1.5938
159
%
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