Solution:- Answer is 19.33%
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
=
After 30 days APR =17.68%=0.1768
n=365-30=335 days
now the effective interest rate for n=335 days
=
=19.33%
So the effective interest rate for 365 days =0+19.33% =19.33%
So fourth option is correct.
It could be c but I’m not sure
Answer
No missing money
Step-by-step explanation:
Original money given to the waiter = $30
Each person paid $10
The waitress comes back with the waitress comes back and said the bill is $25
They gave her $2 for the tip
if each got $1.00 back
Balance = $1.00 × 3
= $3.00
That means each paid $9×3 = $27 including $2 .00 tip(recall that cost of the meal is now $25 plus $2 tip)
Each of them got $1.00 back
Total money spent = (cost of meal + tip) + balance of $3.00 given to them
= $27 + $3
= $30
Therefore, there is no missing $1.00
The proportionality for the table values would be an increasing value of 1.5y for every X.
