Answer:
the answer depends on which type of interest we use:
- simple interest rate = 24%
- compound interest rate = 26.82%
Step-by-step explanation:
the interest rate paid for holding the cards one month 1/50 or 2%.
to convert 2% monthly interest rate to a simple annual rate:
monthly rate x 12 months = 2% x 12 = 24%
now to convert 2% monthly interest rate to an annual rate (using compound interest):
- = (1 + r)ⁿ - 1
- = (1 + 0.02)¹² - 1 = 1.2682 - 1 = 0.2682 or 26.82%
in compound interest, earned interest earns even more interest by itself besides the interest earned by the principal.
Answer:
$8036.784
Step-by-step explanation:
It is easy
The area of carpet is 13.4×24=321.6sq meter
Now, for 1 sq. meter the cost is $24.99
So for 321.6sq.meters, 321.6×24.99
=$8036.784
Answer:
14 and 16
Step-by-step explanation:
A number used in the mathematical operation of addition (e.g., 6 + 8 = 14, ... K-5 Definitions of Math Terms. 15 remainder. The number left over is 14-16
Given:
Profit = 372.60 + 17.2(advertising dollars)
Advertising dollars = 1,020
profit = 17,500
17,500 + residual value = 372.60 + 17.2(1,020)
17,500 + residual value = 372.60 + 17,544
17,500 + residual value = 17,916.60
residual value = 17,916.60 - 17,500
residual value = 416.60
residual value is 416.60 or 417 rounded off to the nearest integer
