1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ikadub [295]
3 years ago
14

A credit card issuer charges an apr of 10.82%, and its billing cycle is 30 days long. what is its periodic interest rate? show y

our work.

Mathematics
2 answers:
daser333 [38]3 years ago
7 0
The answer is --- 0.89 APEX


posledela3 years ago
4 0

Answer:

Periodic Interest rate = 0.8893151 % ≈ 0.89%

Step-by-step explanation:

Given that a credit card issuer charges an apr of 10.82%, and its billing cycle is 30 days long.

It means APR = 10.82%, Daily interest rate = 10.82%/365 = 10.82/36500 = 0.000296438

Billing cycle = 30 days.

Periodic Interest rate = Daily interest rate x Billing cycle.

Periodic Interest rate = 0.000296438 x 30

Periodic Interest rate = 0.008893151

Periodic Interest rate = 0.8893151 % ≈ 0.89%

You might be interested in
Find the domain: y= 6+9x 6− x−1
inna [77]

Answer:

Domain = {All real values of x EXCEPT x = -5 and x = 7}

Step-by-step explanation:

This is a rational function given as y=\frac{6+9x}{6-|x-1|}y=

6−∣x−1∣

6+9x

The domain is the set of all real value of x for which the function is defined.

For rational functions, we need to find which value of x makes the denominator equal to 0. We need to exclude those values from the domain.

Now

6 - |x-1| = 0

|x-1| = 6

x- 1 = 6

or

-(x-1) = 6

x = 6+1 = 7

and

-x+1=6

x = 1-6 = -5

So, the x values of -5 and 7 makes this function undefined. So the domain is the set of all real numbers except x = -5 and x = 7

3 0
3 years ago
The cost of a gallon of gas increased from $3.54 to $3.87 over the weekend. What is the percent increase for the cost of gas, ro
Dmitrij [34]

Answer:

9%

Step-by-step explanation:

percent increase is calculated as

\frac{increase}{original} × 100%

increase = $3.87 - $3.54 = $0.33 , then

% increase = \frac{0.33}{3.54} × 100% ≈ 9% ( to the nearest whole percent )

5 0
1 year ago
Read 2 more answers
PLEASE HELP!!!!!!!!!! What is 2^4 AND <br> 3^5
shepuryov [24]

Answer:

2^4 is 16 and 3^5 is 243

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
Please help me with this homework
nikitadnepr [17]

Answer: 12 units

Step-by-step explanation:

4 0
2 years ago
Read 2 more answers
What is the value of x:<br><br> 2 + x = 8
klio [65]
6

2+x=8
Subtract 2 on both sides
x=6
5 0
3 years ago
Read 2 more answers
Other questions:
  • Calculate perimeter of square
    13·2 answers
  • Jaquarius has a pair of limited edition Jordan tennis shoes that are 12 inches long each. What is the total length of both of hi
    5·1 answer
  • 2×y to the power2<br> -6×y to the power 2
    7·1 answer
  • Given the following information about a hypothesis test of the difference between two means based on independent random samples,
    10·1 answer
  • Howmet Corporation needs $200,000 in 5 years.
    13·1 answer
  • Find the sum of the arithmetic sequence 22, 11, 0, -11, ..., –77.
    5·1 answer
  • Terry sees an offer about a refurbished phone which is 35% off the original price the new price is £78 how much was the phone be
    6·2 answers
  • HEY THERE! PLEASE ANSWER THE MATH QUESTION IN THE PHOTO! THE CORRECT ANSWER WILL BE MARKED AS BRAINLIEST ,GET POINTS AND I WILL
    7·2 answers
  • In a lab a substance was cooled b 6 degrees each hour for 42 hours what was the total change it in temperature
    11·1 answer
  • If –3 + i is a root of the polynomial function f(x), which of the following must also be a root of f(x)? –3 – i –3i 3 – i 3i
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!