You have just taken out a $2,650 loan from your local bank. you paid off the loan in 1 year by making 12 monthly payments with a total interest charge of $300.00. determine, from the information given, the annual percentage rate (apr). round your answer to the nearest hundredth of a percent. a. 7.91% c. 20.25% b. 79.1% d. 2.09%

The annual percentage rate (APR) is 20.25%.

Step-by-step explanation:

Consider the provided information.

The Principal amount is $2650, and the interest is $300

The total amount paid = $2650 + $300 = $2950

It is given that the loan paid off in 1 year by making 12 monthly payments.

Therefore the monthly payment is:

Formula of monthly payment:

Substitute principal amount = $2650 and monthly payment = 245.833 in above formula and solve for i.

Thus, the annual percentage rate (APR) is 20.25%.

5x+10 is the correct one

hope this

37/3

step-by-step explanation:

step 1: simplify both sides of the equation.

7x+8(x+

1

4

)=3(6x−9)−8

7x+(8)(x)+(8)(

1

4

)=(3)(6x)+(3)(−9)+−8(distribute)

7x+8x+2=18x+−27+−8

(7x+8x)+(2)=(18x)+(−27+−8)(combine like terms)

15x+2=18x+−35

15x+2=18x−35

tep 2: subtract 18x from both sides.

15x+2−18x=18x−35−18x

−3x+2=−35

step 3: subtract 2 from both sides.

−3x+2−2=−35−2

−3x=−37

step 4: divide both sides by -3.

−3x

−3

=

−37

−3

x=

37

3