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Inga [223]
3 years ago
13

Which line is a linear model for the line? 1. A 2. B 3. C 4. D

Mathematics
2 answers:
ivann1987 [24]3 years ago
6 0
The answer is 2. B
Hope it helped
Rudiy273 years ago
3 0
2 is the answer i beileve

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Annual percentage rate (APR) is the yearly rate for a price which have to pay for borrowing money through credit card.

Here Caleb has an offer from a credit card issue for i=0% APR for the first 30 days.

now, effective interest rate for n= 30 days  

=r=(1+\frac{i}{n} )^n-1\\\Rightarrow\ r=(1+\frac{0}{30} )^{30}-1\\\Rightarrow\ r=(1+0)^{30}-1=1-1=0

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now the effective interest rate for n=335 days

=r=(1+\frac{i}{n} )^n-1\\\Rightarrow\ r=(1+\frac{0.1789}{335} )^{335}-1\\\Rightarrow\ r=(1+0.000527)^{335}-1=(1.000527)^{335}-1=1.1933-1=0.1933

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So the effective interest rate for 365 days =0+19.33% =19.33%

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