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rewona [7]
3 years ago
8

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

Mathematics
1 answer:
Sedbober [7]3 years ago
6 0
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><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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Y=74(1.01)^8 is it increasing or decreasing
Dvinal [7]

Answer:

Increasing

Step-by-step explanation:

The computation is given below:

Given that

y = 74 × (1.01)^8

= 74 × 1.082856706

= 80.1314

As it can be seen that the initial amount is 74 but after solving the given equation the value is increased as it shows 80.1314

Therefore it is increasing

5 0
3 years ago
On Wednesday 72% of the customers who bought gas at a gas station made additional purchases. There were 250 customers who bought
elena-s [515]

Answer: 180 people

I hope i helped you! I wish you luck on the test!

6 0
2 years ago
Jorge watches cars that pass in front of his house. He counts 25 red cars and 40 cars that are not red. What is the approximate
jenyasd209 [6]

Step-by-step explanation:

firstly you will add

the red cars and non red cars together and which is 65

probability of the red car = 25/65

to the lowest form is the 5/13(D)

8 0
3 years ago
Need help with 7A plz
Eduardwww [97]
A) area of square = base*height/////Triangle= 0.5*base*height

=(a^1/3*b^3/4)*(a^2/3*b^1/2)+(1/2*a^1/3*b^3/4*a^2/3*b^1/4)
=(a^1*b^5/4)+(1/2*a^1*b^1)
=(a*b^5/4)+(1/2*a*b)

B) a^2+b^2=c^2 (pythagorean theorem)
   ((27^2/3)*(16^1/4))^2 +  (27^1/3)*(16^3/4)   
     (9*2=(18^2))=324 +  (3*8= 24^2)= 576
      324+576= 900
     (900)^1/2= 30
hypotenuse= 30

C)( a^2/3*b^1/2)= 36*2(two sides)= 72
    (a^1/3b^3/4)=24
    (a^2/3*b^1/4)= 18
  72+24+18+30(hypotenuse)= 144=perimeter
7 0
3 years ago
Help! This is due today!
bulgar [2K]

Answer:

27π

Step-by-step explanation:

area of circle = πr^2

= π × 6^2

= 36π

36/4

= 9

36 - 9

= 27π units squared

4 0
2 years ago
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