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ioda
4 years ago
6

Arnold’s credit card had an APR of 14.18% all of last year, and interest was compounded periodically throughout the year. Which

of these statements accurately describes the effective interest rate of Arnold’s credit card last year?
Mathematics
2 answers:
slamgirl [31]4 years ago
8 0

Answer:

Where are the statements provided? I can help you once they are posted.

Step-by-step explanation:


ludmilkaskok [199]4 years ago
7 0

Answer:

APEX - It was greater than 14.18% whether interest was compounded daily or monthly.

Step-by-step explanation:

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vladimir2022 [97]
We need to swap the numerator and denominator, and change the sign of one of them to get a perpendicular slope.5x + 10y = c. Now subtract the point.
5(-4) + 10(7) = -20 + 70 = 50 = c 
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7 = (-1/2)(-4) + c 7 = 2+c 
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y = -1/2 x + 5 
The first time we solved we got this. 
x + 2y = 10 but, if we divide everything by 2, we get 1/2 x + y = 5 So... subtract 1/2 x from both sides and you have identical equations. So the two are equivalent. The answer is y = -1/2 x + 5 
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3 years ago
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