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.
question number 1 is 0.6 and 1.4 number 2 is 0.2 and 2.5 number 3 is 20.0
and 26.1 number 4 is 6.54 and cannot see number 5 is 29.15 and cannot see number 6 is 32.10 and cannot see number 7 is 20.051 and cannot see number 8 is 36.582 and cannot see number 9 is 16.570 and cannot see thank you
You need to divide the minutes by hours
4 out of 10 because the amount of prime numbers from 1- 10 is
2, 3, 5, and 7.
Hope this helps!
Get one x+y=3 to y=x+3 and plug it into x-y=1 and you get x-(x+3)=1. Destitute the x and solve. Once you get what x equals plug it to to either equation for the value of x and solve for y