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tia_tia [17]
3 years ago
6

:)))))) ))): what is the answer

Mathematics
1 answer:
kicyunya [14]3 years ago
4 0
Well , its upside down...
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A credit card company charges 18.6% percent per year interest. Compute the effective annual rate if they compound, (a) annualy,
Darina [25.2K]

Answer:

a) Effective annual rate: 18.6%

b) Effective annual rate: 20.27%

c) Effective annual rate: 20.43%

d) Effective annual rate: 20.44%

Step-by-step explanation:

The effective annual interest rate, if it is not compounded continuously, is given by the formula

I=C(1+\frac{r}{n})^{nt}-C

where

<em>C = Amount of the credit granted </em>

<em>r = nominal interest per year </em>

<em>n = compounding frequency </em>

<em>t = the length of time the interest is applied. In this case, 1 year. </em>

In the special case the interest rate is compounded continuously, the interest is given by

I=Ce^{rt}-C

(a)  Annually

I=C(1+\frac{0.186}{1})-C=C(1.186)-C=C(1.186-1)=C(0.186)

The effective annual rate is 18.6%

(b) Monthly

<em>There are 12 months in a year </em>

I=C(1+\frac{0.186}{12})^{12}-C=C(1.2027)-C=C(0.2027)

The effective annual rate is 20.27%

(c) Daily

<em>There are 365 days in a year </em>

I=C(1+\frac{0.186}{365})^{365}-C=C(1.2043)-C=C(0.2043)

The effective annual rate is 20.43%

(d)  Continuously

I=Ce^{0.186}-C=C(1.2044)-C=C(0.2044)

The effective annual rate is 20.44%

3 0
2 years ago
Makayla's car used 4 gallons to travel 148 miles. How many miles can the car go on one gallon of gas?
kirill115 [55]

Answer:

34

Step-by-step explanation:

184 divided bye 4

4 0
2 years ago
Read 2 more answers
Find the average rate of change for fx) = x2 – 3x – 10 from x = 4 to x = 6.
Leviafan [203]

Answer:

7

Step-by-step explanation:

The rate of change is defined as

f(x2) - f(x1)

--------------------

x2-x1

x2 = 6

f(6) = x^2 – 3x – 10 = 6^2 -3*6 -10 = 36 - 18-10=8

x1 = 4

f(4) = x^2 – 3x – 10 = 4^2 -3*4 -10 = 16 - 12-10=-6

Substitute the values into the expression

8 -  -6

--------------------

6-4

8+6

------------

2

14/2= 7

6 0
3 years ago
If stamps are $0.30 how many stamps can Janice buy with $7.20
snow_lady [41]
Divide the total amount of money Janice has by the cost of the stamps.

$7.20 / $0.30 = 24

Janice can buy 24 stamps.
7 0
3 years ago
Could someone please help me with these systems. I have to use substitution.
FromTheMoon [43]
Isolate one term (x or y) in one of the equations

6x+6y=0
6x=-6y
X= -1y

Substitute x=-y into the other equation

-7(-y) + 2y =18

7y + 2y =18

9y=18

Y=2

Substitute y=2 into 6x+6y=0

6x + 6(2) = 0

6x + 12=0

6x= -12

X = -2
8 0
3 years ago
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