All categories

4 years ago

Susan uses a credit card with an APR of 22.2%. What is the monthly percentage rate on the card?

Mathematics

1 answer:

Irina-Kira [14]4 years ago

5 0

Answer:

1.85 %

Explanation:

APR refers to the "Annual Percentage Rate." This refers to the rate that is being charged to the borrower on a<em> yearly basis. </em>

It is very easy to get the monthly percentage rate once you know the APR. All you have to do is to divide the APR by the total number of months.

In the situation above, we just have to divide the APR of 22.2% by 12 (number of months on one year).

22.2% ÷ 12 months = 1.85 % per month (this is the monthly percentage rate on the card. Thus, this is the answer.

You might be interested in

Help is Strictly Needed.

faust18 [17]

Answer:

nah g

Step-by-step explanation:

7 0

3 years ago

Two planes leave an airport at the same time. Each flies at a speed of 110 mph. One flies in the direction N 60° E. The other fl

Dmitriy789 [7]

40^2 is how far apart the planes are after three hours travel

4 0

3 years ago

Each package of pens contains 3 pens. How is the number of pens related to the number of packages?

yuradex [85]

Answer: The correct option is (C) Packages x 3 = Pens

Step-by-step explanation: Given that each package of pens contains 3 pens.

We are to choose the correct mathematical relation between number of pens and number of packages.

Let, n represents the number of pens and N represents the number of packages.

Then, according to the given information, we have

$n\times 3=N\\\\\Rightarrow \textup{Packages}\times 3=\textup{Pens}.$

Thus, the correct relation is

Packages x 3 = Pens.

Option (C) is CORRECT.

6 0

3 years ago

Write and solve an equation to find the number n. The difference of three times a number and 4 is -19.

Law Incorporation [45]

Answer:

-5

Step-by-step explanation:

Let n be the unknown number

difference is subtraction

3n -4 = -19

Add 4 to each side

3n-4+4 = -19+4

3n = -15

Divide by 3

3n/3 = -15/3

n = -5

4 0

3 years ago

Fill in the table using this function rule y=-6x-2 -1,0,1,5

Sati [7]

Answer:

-1 = 4

0 = -2

1 = -8

5 = -32

Step-by-step explanation:

trust

8 0

3 years ago