John Brown has a $50,000 loan. He has a 9% annual interest rate. He paid $2,000 in fees and $4,486.05 in total interest the first year. If the APR is the finance charge (interest plus fees) for one year ÷ amount financed, what was the APR rounded to the nearest percent for that year?
John Brown has a $50,000 loan. He has a 9% annual interest rate. He paid $2,000 in fees and $4,486.05 in total interest the first year. If the APR is the finance charge (interest plus fees) for one year ÷ amount financed, what was the APR rounded to the nearest percent for that year?

hello from mrbilldoesmath!

answer:   x^2 + y^2 = 1024

discussion:

the equation of a circle with center (h,k) and radius "r" is

(x-h)^2 + (y-k)^2 = r^2.

in our case

(x-0)^2 + (y-0) ^2 = 32^2 = 1024

you,

mrb

one fourth of 9% = 2.25%

gavin is correct in saying : the equivalent quarterly interest rate would be

2.25%.

2x+60=

step-by-step explanation:

answer: hence, function will be

explanation:

since we have given that

cost of a new textbook = $85

according to question, the resale value of a textbook decreases by 25% with each previous owner,

so, our function becomes,

here, y is the total value of the text book after x owners.

hence, function will be