<span>Answer:
The credit card issuer will show APR which is 22.08% and not effective rate of interest.
This is because Effective rate, when calculated with the formula given below will come as 24.67% which is 2.59% more and hence will make customers feel that they are paying more.
r = [ { (1+ i / n) ^ (n) } - 1] * 100
Where i = APR/100
n = number of compounding periods which is 365 in this case as compounding is done daily.
[ { (1+ 0.2208 / 365) ^ (365) }- 1] * 100</span>
What is the quest? It doesn’t show it
Answer:
9,14,19
Step-by-step explanation:
You seem to be giving the expression 2n+3n+4.
Now simplify
An = 5n+4
Fill in n
5(1) +4
5(2) +4
5(3)+4
After solving and simplifying you see 9, 14 and 19 are the first 3 terms.
B. ) Unless you're missing some data.
Answer:
125/2 or 62.5 or 62 1/2 (x=)
Step-by-step explanation:
25/4=x/10 multiply everything by 20
25*20/4=20x/10 simplify
25*5=2x simplify
125=2x divide on both sides
125/2 or 62.5 or 62 1/2=x