1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergejj [24]
3 years ago
10

A credit card issuer offers an APR of 13.64% and compounds interest daily. which is it most likely to advertise, its APR or its

effective interest rate?
A. it's APR, because it's 0.97% less than its effective interest rate.
B. it's APR, because it's 0.97% greater than the effective interest rate.
C. it's effective interest rate, because it's 0.97% less than the APR
Mathematics
2 answers:
Minchanka [31]3 years ago
8 0

Answer:A

Step-by-step explanation:

A

nirvana33 [79]3 years ago
7 0
To find the effective interest rate the formula is
R=(1+r/k)^(k)-1
R=?
r=nominal Interest rate 0.1364
K=compounded daily 365
Plug in the formula
R=(1+0.1364÷365)^(365)−1
R=0.1461 This the effective interest rate 14.61%
As you can see that the effective interest rate is greater than the nominal interest rate by
0.1461−0.1364=0.0097×100=0.97%

So the answer is a

Hope it helps!
You might be interested in
-11.2+4(2.1+q) = -0.8<br>solve and can you explain how to solve? I am confused 
Gekata [30.6K]
Given
-11.2+4(2.1+q) = -0.8

Take -11.2 to the right hand side of the equation (sign will change when we move it to the other side)
∴ 4(2.1+q) = -0.8 + 11.2

Simply both sides
∴ 4*2.1 + 4*q = 11.2-0.8
∴ 8.4 + 4q = 10.4

Take 8.4 to the right hand side
∴ 4q = 10.4 - 8.4
∴ 4q = 2
∴ q = 2/4
∴ q = 1/2 = 0.5
6 0
4 years ago
Read 2 more answers
What is the simplified form of the following expression? (3/5)^2
11111nata11111 [884]

Answer:

9/25

Step-by-step explanation:

4 0
3 years ago
The cosine function for a specific angle in a triangle is defined by the ratio of the triangle's A. adjacent side and hypotenuse
Snowcat [4.5K]

A. adjacent side and hypotenuse.


5 0
3 years ago
Amare wants to ride a Ferris wheel that sits four meters above and has a diameter of 50 meters. It takes 6 minutes to do three r
Veseljchak [2.6K]
To answer this question, we begin to transform the speed of revolutions per minute in radians per minute.
 They tell us that the speed of the wheel is 3 turns in 6 minutes.
 So:
 1 revolution = 2π
 (2π / 1 turn) * (3 turns / 6min) = 6π/ 6min = 1π / min.
 The wheel turns π or 180 ° in one minute.
 We already have the angular velocity w.
 We know that the lowest point of the wheel is 4 meters above the ground and that it returns to the same point every 2π
 Therefore, the function sought is periodic and must be equal to 4 for allvalues ​​of time k, where k is an even number 2, 4, 6, 8, .., k

 Then the function must have the form rsin(wt) where "t" is the elapsed time, "w" is the previously calculated angular velocity, and "r" is the radius of the wheel.
 The minimum value of the function must be 4 and the maximum value 54.
 Therefore, the function is:

  h (t) = 4 + 25 + 25sin (π×t + 3π / 2)
 Where 3π/ 2 is the phase angle, which indicates that the movement starts at the instant t = 0 at the lowest point of the wheel that equals 3π / 2.
 You can verify the answer in the following way:

 After 1 minute, the wheel should have rotated 180 ° or π. Therefore, the person must be at the highest point of the wheel and his height must be 54 m.
 When you replace t = 1 in the formula, you get h = 54m
 After 2 minutes, the wheel should have rotated 360 ° or 2π. Therefore, the person must be at the starting point and their height must be 4 m.
 By replacing t = 2 in the formula you will get h = 4m
 After 0.5 minutes, the wheel should have rotated 90 ° or π / 2. Therefore, the person must be in the right half of the wheel and his height must be 29 m.
 When replacing t = 0.5 in the formula you will get h = 29m
4 0
4 years ago
Egypt was ruled by powerful what ?
Marrrta [24]

Answer:

Pharaohs.....?

3 0
4 years ago
Read 2 more answers
Other questions:
  • 27.) A customer went to a garden shop and bought some potting soil for $17.50 and 4 shrubs. The total bill was $53.50. Write and
    7·1 answer
  • It is known that a certain function is an inverse proportion. Find the formula for this function if it is known that the functio
    14·1 answer
  • A rectangle is 25 feet long its area 375 square feet.<br> What is the perimeter of the rectangle
    11·1 answer
  • What property : 0+39
    12·1 answer
  • The number of foxes in a national forest had grown by 1160 in the past year If the number of foxes at the beginning of the year
    8·1 answer
  • SOMEONE PLEASE HELP I WILL LITERALLY BLOW YOU I JUST NEED YOU TO ANSWER THIS pedros check register showed a balance of $550.94.
    14·1 answer
  • The graph shows how many miles Barrett traveled over a 5 hour time frame. The point (1,50) is on the graph what is the unit rate
    6·1 answer
  • Can you Help me please
    9·2 answers
  • Help please. pleasee i will mark brain please​
    6·1 answer
  • The variables a, b, c, d, e, and f represent the numbers 4, 12, 15, 27, 31, and 39 in
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!