Sorry, I think there is missing context?
Answer:
arianna grande
Step-by-step explanation:
Divide the price by the number of months to find the monthly rate.
<span>$237.36 ÷ 24 = $9.89 per month </span>
<span>$184.50</span><span> ÷ 18 = $10.25 per month
The two year club, Aqua Plus is cheaper
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Answer:
APR = 416%
EAR = 5370.60%
Step-by-step explanation:
Given:
Interest rate = 7.8% per week
Now,
In an year there are total 52 weeks
thus,
The APR (Annual percentage rate) = Interest rate × Total weeks in an year
or
APR = 8% × 52
or
APR = 416%
and, EAR ( Effective Annual Rate ) = ( 1 + r )ⁿ - 1
Here,
r is the interest rate per week
n is the total weeks in an year
thus,
EAR ( Effective Annual Rate ) = ( 1 + 8% )⁵² - 1
= ( 1 + 0.08 )⁵² - 1
= 53.7060
or
53.7060 × 100% = 5370.60%
