A simplified ratio may always be a rate.
Answer:
the answer depends on which type of interest we use:
- simple interest rate = 24%
- compound interest rate = 26.82%
Step-by-step explanation:
the interest rate paid for holding the cards one month 1/50 or 2%.
to convert 2% monthly interest rate to a simple annual rate:
monthly rate x 12 months = 2% x 12 = 24%
now to convert 2% monthly interest rate to an annual rate (using compound interest):
- = (1 + r)ⁿ - 1
- = (1 + 0.02)¹² - 1 = 1.2682 - 1 = 0.2682 or 26.82%
in compound interest, earned interest earns even more interest by itself besides the interest earned by the principal.
You're given d = 10
10 = -1.5t<span>2 = 110
</span>
= 220/3
since t
0
t =
I apologize if this is wrong!
Answer:
x=(3/2) OR 1.5
Step-by-step explanation:
2x+3=6
2x=6-3
2x=3
x=(3/2) OR 1.5
Answer:
true
Step-by-step explanation:
