A payday loan store charges $25 for a one-month loan of $600. What annual interest rate is this equivalent to?

50%

Step-by-step explanation:

1. determine the monthly interest rate

monthly interest rate = interest / loan amount

monthly interest = 25 / 600 = 4.17%

2, multiply the monthly interest rate by 12 to determine the annual interest rate

Annual interest = 4.17 x 12 = 0.5 = 50%

b. 1.25 hr

step-by-step explanation:

if you have a constant speed of 60 mph, then you have a ratio between 60 mi. to 1 hr. dividing both sides by 60 we get the ratio

1 mi. to

then mult. both sides by 75 we get the ratio

75 mi. to

simplifying we get

75 mi. to

or 1.25 hr.