Answer:
6.2%
Step-by-step explanation:
Credit rating is an evaluation of the credit risk of a borrower, that how often a person is going to repay their debt, by credit rating it predicts the ability of the debtor to payback.
Mike has credit rating = 720
Tyler has credit rating = 560
Both are approved for loan. Mike's Credit score is higher, which means he is a much safer debtor as compared to Tyler. Mike will be able to pay back much easily than Tyler. Therefore Mike interest rate is 3.2%
Interest rate of Tyler is higher as he is not that trusted and has low Credit rating. Tyler is approved for a loan that charged 3 percentage points higher because of his inferior credit rating so it interest on the loan will be
Interest = 3.2%+3% = 6.2%
Answer:
a) <
b) <
c) >
d) <
e) >
Step-by-step explanation:
Answer:
George made the first mistake by multiplying by 7 instead of 8
Step-by-step explanation:
The total cars needed to have a mean of 24:
24 x 8 = 192
Total cars sold during the seven months:
18 + 22 + 26 + 12 + 25 + 20 + 19 = 142
Subtract the total cars sold from the total cars needed:
192 - 142 = 50
George needs to sell 50 cars in the eight month in order to have an average of 24 cars sold per month.
Answer:
£5
Step-by-step explanation:
5 boxes will cose 5 x 15.40 = 77 normally.
according to the table, he will get 6.5% discount.
6.5 percent of 77 is 77x0.065 = 5.005 ≈ 5
