What do I put in the boxes if the answer is 1.74%?
1 answer:
If a credit card advertises an annual interest rate of 23%, then the equivalent monthly interest rate is 1.74%
The annual interest rate = 23%
The credit card interest rate the amount you have to pay to borrow the money from them. The credit card interest rate is usually expressed in yearly rate. This is called annual percentage rate.
The monthly interest rate =
=
= 1.0174
Then,
= (1.0174-1) × 100%
Subtract the terms first
= 0.0174 × 100%
Multiply it
= 1.74%
Hence, if a credit card advertises an annual interest rate of 23%, then the equivalent monthly interest rate is 1.74%
Learn more about annual percentage rate here
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Answer:
3/4
Step-by-step explanation:
Maria practiced for her piano recital each day for three days. the first day she practiced for 3/4 hour, the second day she practiced for 1 1/2 hours, and the third day she practiced for 2 1/4 hours. by how much did she increase the time she practiced each day?
the increase in hours practiced can be determined by calculating the difference between the hours practiced on the second and first day
the lowest common multiple that can divide 2 and 4 is 4.
if 2 is subtracted from 3, the answer would be negative. So, borrow 1 from the whole number. the value of this borrowed one would be equal to 4 which is the LCM. Add 4 to 2. this gives 6