A credit card's interest rate is the price one pay for borrowing money. This is called the annual percentage rate (APR).The Interest paid can be calculated by the formula I=PTR ÷ 100
Where P = Principal amount ,R= rate of interest in years.T= time.
P=$1,300 ,R= 20% T= year.
Substituting these values :
I= 1300 x 20 x1 ÷100
I= 260. He will pay an interest of 260÷12= $21.7 per month.
Answer:
a. 1350
b. 4%
Step-by-step explanation:
here is the complete question :
Toni invests money into an account which pays a fixed rate of compound interest each year. The total value, £V, of her investment after t years is given by the formula:
V = 1350 x 1.04^t
Answer questions a & b
a - How much money did Toni invest in pounds
b - What rate of compound interest is paid each year
the formula for calculating compound interest is given by :
V = P (1 + r)^t
P = Present value -= amount invested = 1350
R = interest rate = 4%
N = number of years = t
i hope my answer helps you
The odds of picking a single card out of 52 is:
1/52
The odds of picking an Ace is:
4/52 (since there are 4 aces in a single deck)
The odds of picking an ace or a king is:
8/52 (since there are 4 aces and 4 kings in a single deck, 4+4=8_
8/52 can be simplified to 2/13
Answer=2/13
Answer:
The attributes of a segment in math are that segments connect two points, have measured length, and it is the shortest distance between those two points.
Hope this helps! :)
Your question is in another language may you changed to inglish or spanish plz
