Aradio commercial for a loan company states. you only pay $.28 a day for each $500 borrowed if you borrow $1378 for 155 days what amount will you repay and what annual interest rate is the company actually charging? (assuming a 360- day year)

It is a ratio related question. Lets first form the equation using the statements.

for every $500 borrowed you pay $.28 cents on the left side and that will equals  a quantity x over  $1378 dollars borrowed.

(.28/500)=(x/1378)

Now you can solve for x by multipliying $1378 by $0.28 of a dollar and dividing that quantity by the ratio $500

so that ($0.28($1378))/$500 on the left will equal x on the right. I can help you further if needed.

Don't forget to multiply x by the number of days

Edited:

(119.61*100*360)/(1378/155) gives you the annual rate.

Notice 119.61 equals x from initial answer. and x+1378 gives you the amount to repay

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i ran through it by the other answer is wrong

step-by-step explanation:

two pairs of adjacent sides are of equal length. this implies that one diagonal divides the kite into congruent triangles, and so the angles between the two pairs of equal sides are equal in measure. it also implies that the diagonals are perpendicular.