If a credit card advertises an annual interest rate of 23%, then the equivalent monthly interest rate is 1.74%
The annual interest rate = 23%
The credit card interest rate the amount you have to pay to borrow the money from them. The credit card interest rate is usually expressed in yearly rate. This is called annual percentage rate.
The monthly interest rate =
=
= 1.0174
Then,
= (1.0174-1) × 100%
Subtract the terms first
= 0.0174 × 100%
Multiply it
= 1.74%
Hence, if a credit card advertises an annual interest rate of 23%, then the equivalent monthly interest rate is 1.74%
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Answer:
its 20 2/3
Step-by-step explanation:
bc 4 * 5 which equals 20 and then just add a 2/3
Answer:The Red Chairs.
Step-by-step explanation:
This question is quite easy. The only thing you have to do is divide 4/73.48 and then 5/91.40. The lower value is the correct answer so lets evaluate, 4/73.48=18.37 and 5/91.40=18.28 so the answer is the red chairs
Answer:
The equation of the exponential function will be:
Step-by-step explanation:
The general exponential function is defined as
y = abˣ
Here,
a is the initial value and b is the growth factor
From the table, it is clear that the y-intercept is (0, 12). Note that the y-intercept can be determined by setting x=0 and solving for y.
here
at x=0, y=12
so a = 12
If we check the y-values, it is clear that every next value of y can be obtained by multiplying the previous y-value by 2.
In other words, the common multiplier = b = 2
Thus, the equation becomes
y = 12·(2)ˣ
Thus, the equation of the exponential function will be:
To determine if the batter and frosting will be enough to make the cake with the desired dimensions, we solve for the area of the cake by determining the lateral area of the prism and the right pyramid at the top. Also, for the batter, determine the volume of the pyramid and the prism. It is then better if the dimensions are given.