Answer:
the answer depends on which type of interest we use:
- simple interest rate = 24%
- compound interest rate = 26.82%
Step-by-step explanation:
the interest rate paid for holding the cards one month 1/50 or 2%.
to convert 2% monthly interest rate to a simple annual rate:
monthly rate x 12 months = 2% x 12 = 24%
now to convert 2% monthly interest rate to an annual rate (using compound interest):
- = (1 + r)ⁿ - 1
- = (1 + 0.02)¹² - 1 = 1.2682 - 1 = 0.2682 or 26.82%
in compound interest, earned interest earns even more interest by itself besides the interest earned by the principal.
<span>X+2a = 16+aX-6a
8X - 16 = aX-2a
8(X-2) = a(X-2)
</span><span>(X-2)/<span>(X-2)</span> = a/8
1 = a/8
a= 8
</span>
Answer:
2(x+4)
Step-by-step explanation:
Brainliest are appreciated :)
