Multiple Choice
A grocery store sells a bag of 8 oranges for \$4.40. Assuming the price per orange remains the same, how much would it cost to buy 9 oranges?
60
views
1. Introduction to Accounting
Useful Information
Struggling with Financial Accounting?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Sam paid an annual percentage rate (APR) of 6.5% on his loan, while Jessica paid an APR of 5.2% on hers. What is the difference in APR paid by Sam and Jessica?
A
1.3%
B
5.2%
C
0.7%
D
11.7%
Verified step by step guidance1
Step 1: Understand the concept of Annual Percentage Rate (APR). APR represents the annual cost of borrowing money, expressed as a percentage of the loan amount. It includes interest and any additional fees.
Step 2: Identify the APR values given in the problem. Sam's APR is 6.5%, and Jessica's APR is 5.2%.
Step 3: To find the difference in APR paid by Sam and Jessica, subtract Jessica's APR from Sam's APR. Use the formula: Difference = Sam's APR - Jessica's APR.
Step 4: Substitute the given values into the formula: Difference = 6.5% - 5.2%.
Step 5: Perform the subtraction to determine the difference in APR. Ensure the result is expressed as a percentage.
3:16mWatch next
Master Fundamental Qualitative Characteristics with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
Useful Information practice set
Problem sets built by lead tutorsExpert video explanations