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Sarcosuchus Corporation offers very short - term loans to applicants with lo w credit ratings. They charge an interest rate of 0 . 0 3
Sarcosuchus Corporation offers very shortterm loans to
applicants with lo w credit ratings. They charge an interest rate of
percent per hour.
a If you borrow $ from Sarcosuchus, how much will you owe in
one week?
b If you borrow $ from Sarcosuchus, how much will you owe in
one month days
c What annual rate is Sarcosuchus charging? Hint: Convert the
simple hourly rate of percent into simple annual rate.This has been answered on Chegg previously but the answers
received very mixed feedback on their quality.
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