If the apr on a credit card is 22.2% what is the monthly interest rate
2 answers:
Solution:
APR =Annual Percentage rate
It is the amount of money charged as interest on a sum that you borrow from bank.The interest can be paid monthly or annualy. If you pay the balance at the end of each month that you have borrowed from credit card ,there is no need to pay interest.To find the monthly interest rate , we just divide the value of APR by 12 .
As Yearly interest rate i.e APR on credit card = 22 .2 %
Then , Monthly interest rate = %
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Answer:
Graph 'B' represents the correct graph.
The correct graph is attached below.
Step-by-step explanation:
Let 'A' be the point:
Let 'B' be the point:
As point A(-1 1/2, 1/2) can be written as:
so plotting the point and
on a
.
- As we know that the 2nd quadrant, in the upper left-hand corner, consists of negative values of x and positive values of y.
Thus, the point A(-1.5, 0.5) will be plotted in the 2nd quadrant at x = -1.5 and y=0.5
i.e. at x= -1.5, y = 0.5
- As we know that the 4th quadrant, the lower left-hand corner, consists of positive values of x and negative values of y.
Point B(1.5, -0.5) will be plotted in the 4th quadrant at x = 1.5 and y = -0.5
i.e. at x= 1.5, y = -0.5
Thus, graph 'B' represents the correct graph.
The correct graph is attached below.
