Answer:
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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%
Answer:
just look at the decimal after the decimal number is the tenths place the hundreds place and so on if i have to round 567.1092 i would round the nine up to make the zero a one so my rounded answer would be 567.11
Step-by-step explanation:
Answer:
I need to know what ... means.
Step-by-step explanation:
Answer:
(a) 
(b) We cross multiply the probability by the total voters
(c) 9347
Step-by-step explanation:
(a)
Probability of getting a republican voter is
These are found by dividing the first numerator and denominator by 2, then by 3
To make it complete, the situation is therefore defined as where y is unknown value
(b)
Cross multiplication of the probability and number of voters gives the actual figure of y in the equation formed in part a of the question.
(c)
Since we have 15240 voters who plan to participate in election, we cross multiply to get the approximate number of republican voters which yields
