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Alex_Xolod [135]
3 years ago
15

A credit card had an APR of 30.58% all of last year and compounded interest daily. What was the credit card's effective interest

rate last year?A. 35.75%B. 34.27%C. 32.92%D. 35.25%
Mathematics
2 answers:
nlexa [21]3 years ago
4 0
The answer is A.35.75%
sattari [20]3 years ago
4 0

Answer:

the apex answer is A.35.75%

Step-by-step explanation:

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C(n)=-6+5(n-1)<br> find the 8th term in this sequence
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Answer:

29

Just replace n by 8 ===> C(8) = -6+5(8-1) = - 6 + 5x7 = -6+35 = 29

Step-by-step explanation:

We have been given a sequence formula. We are asked to find the 8th term of our given sequence.

We know that an arithmetic sequence is in form A_n=a_1+(n-1)d, where,

A_n=\text{ nth term of sequence},

A_1=\text{ 1st term of sequence},

n = Number of terms in sequence,

d = Common difference.

To find the 8th term of our given sequence, we will substitute n=8 in our given formula.

c(n)=-6+5(n-1)

c(8)=-6+5(8-1)

c(8)=-6+5(7)

c(8)=-6+35

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