Solution:- Answer is 19.33%
Annual percentage rate (APR) is the yearly rate for a price which have to pay for borrowing money through credit card.
Here Caleb has an offer from a credit card issue for i=0% APR for the first 30 days.
now, effective interest rate for n= 30 days
=
After 30 days APR =17.68%=0.1768
n=365-30=335 days
now the effective interest rate for n=335 days
=
=19.33%
So the effective interest rate for 365 days =0+19.33% =19.33%
So fourth option is correct.
Answer:
$388.50
Step-by-step explanation:
42 tins
$9.25/tin
So, they raised $388.50
Answer: y= - 4x+18
Step-by-step explanation:
Equation: y=mx+b
***remember: b is the y-intercept and m is the slope.
m=
3= x1
2= x2
6= y1
10=y2
m==
= -4
m=-4
Now we have y=-4x+b , so let's find b.
You can use either (x,y) such as (3,6) or (2,10) point you want..the answer will be the same:
(3,6). y=mx+b or 6=-4 × 3+b, or solving for b: b=6-(-4)(3). b=18.
(2,10). y=mx+b or 10=-4 × 2+b, or solving for b: b=10-(-4)(2). b=18.
Equation of the line: y=-4x+18