Taylor Whitney it's a word problem A payday loan company charges a $25 fee for a $700 payday loan that will be repaid in 12 days. Treating the fee as interest paid, what is the equivalent annual interest rate.

Step-by-step explanation:

Using I = (PRt)/100

Ratio of fee and principal amount = fee/amount

= 25/700

= 1/28

Fee(interest) for 12 days = $25

In 1 day,

= (1/28) * 1/12

= 1/336

For a year, that is 365 days

Fee (interest) = 365 * (1/336)

= 1.08 * 100

= 108 %

1. which statement below is true for hyperbolic geometry?

answer: d  

the sum of the measures of the angles in a triangle is always less than 180 degrees.

2. identify the statement that is true in spherical geometry.

answer: d  

the sum of the measures of the angles of a triangle is greater than 180.

3. what can be said about the vertices of an equilateral triangle drawn in poincaré’s system?

answer: b  

the vertices are equidistant from the center of the circle.

4. satellites sputnik, yeltsin, and plekov often temporarily line up in order in a great circle. the circumference of the earth is 24,900 miles, and the satellites orbit at about 150 miles above the surface. if, while in a great circle, sputnik is 9,000 miles from yeltsin, and yeltsin is 10,500 miles from plekov, how far apart are sputnik and plekov?

answer: b  

6,342 miles

5. identify the statement that is true in spherical geometry.

answer: d  

two distinct lines intersect in two points.