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3 years ago

8

In dire need of help with APR and APY! Please Help!

1 answer:

Sedbober [7]3 years ago

6 0

<span>For example, a credit card company might charge 1% interest each month; therefore, the APR would equal 12% (1% x 12 months = 12%). This differs from APY, which takes into account compound interest. The APY for a 1% rate of interest compounded monthly would be 12.68% [(1 + 0.01)^12 – 1= 12.68%] a year. If you only carry a balance on your credit card for one month's period you will be charged the equivalent yearly rate of 12%. However, if you carry that balance for the year, your effective interest rate becomes 12.68% as a result of compounding each month.</span>

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Christopher is going to install wallpaper on the four walls of his room. Two of the walls are 14 feet long by 9 feet high. The o

Aliun [14]

Given:
2 walls - 14ft by 9ft
2 walls - 20ft by 9ft

Wall 1 & 2 = 14ft * 9ft = 126 ft² x 2 = 252 ft²
Wall 3 & 4 = 20ft * 9ft = 180 ft² x 2 = 360 ft²

Total area = 252 ft² + 360 ft² = 612 ft²

Cost of 1 single roll: $20
612 ft² ÷ 18 ft² = 34 rolls * $20 = $680

Cost of double roll: $40
612 ft² ÷ 54 ft² = 11.33 rolls ⇒ 12 double rolls
12 * $40 = $480

If Christopher opts for 1 single roll of wallpaper, he'll spend $680.
If he opts for double roll of wallpaper, he'll spend $480.

Double roll of wallpaper is the cheaper option. He'll save $200 if he'll buy the double roll of wallpaper.

4 0

3 years ago

Read 2 more answers

A. 76°<br><br> B. 72°<br><br> C. 70°<br><br> D. 12°

Crank

Answer:measurement of angle B is

$70 \: \: degrees$

<h3>Answer C is correct</h3>

Step-by-step explanation:

$6x - 2 + 5x + 18 + 2x + 8 = 180 \\ 13x + 24 = 180 \\ 13x = 180 - 24 \\ 13x = 156 \\ \frac{13x}{13} = \frac{156}{13} \\ x = 12 \: \: degrees$

7 0

3 years ago

The slope of the line below is -1. write the point-slope equation of the line using the coordinates of the labeled point.

omeli [17]

Answer:

y+9=-1(x-4)

Step-by-step explanation:

Point Slope Form is:

$y-y_1=m(x-x_1)$

When:

'm' is the slope.

$(x_1,y_1)$ is the coordinate.

We are given the slope of -1 and the coordinate of (4,-9).

So:

$m=-1\\x_1=4\\y_1=-9$

Using the information and replacing the values we get:

$y+9=-1(x-4)$

So, the line equation in point slope form should be: y+9=-1(x-4)

<em>Brainilest Appreciated. </em>

5 0

3 years ago

Read 2 more answers

Is 0.74 greater than 3/2

KonstantinChe [14]

Answer:

No

Step-by-step explanation:

if you simplify 3/2 to a decimal, you get 1.5

comparing 0.74 to 3/2 we can conclude that 3/2 is in fact greater

7 0

2 years ago

Andre and Morgan are both headed to Florida for vacation. Andre will drive 70 miles per hour. Morgan will drive 55 miles per hou

babymother [125]

Answer:

The number of hours Moran wold have driven before Andre catches up with him is 14 hours

Step-by-step explanation:

The given information are;

The speed with which Andre will drive = 70 miles per hour

The speed with which Morgan will drive = 55 miles per hour

The time of departure of Morgan = 3 hours before Andre departs

Let the time at which Andre catches up with Morgan be, t

We have, from the definition of distance traveled;

Distance traveled =Speed × Time

The distance Morgan would have driven in t hours = 55 × t

Given that to catch up with Morgan, Andre has to travel the same distance, and that Andre starts 3 hours late, we have;

The distance Andre would drive when Morgan has driven for t hours = 70 × (t - 3)

Therefore, since the distance at the point they meet is the same distance for them both, we have;

55 × t = 70 × (t - 3)

55 × t = 70 × t - 210

210 = 70 × t - 55 × t = 15 × t

t = 210/15 = 14 hours

Therefore, Morgan would have driven for 14 hours before Andre catches uo with him.

4 0

3 years ago