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3 years ago

What percent is equivalent to 4/25. Thanks

Mathematics

2 answers:

Yanka [14]3 years ago

5 0

Let x be the precent
24 * x = 4
x = 4/24
x = 1/6
=1/6 * 100% = 16.67%

VMariaS [17]3 years ago

4 0

4÷25=0.16 ,moved two place to the right and you get 16%

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A credit card company charges 18.6% percent per year interest. Compute the effective annual rate if they compound, (a) annualy,

Darina [25.2K]

Answer:

a) Effective annual rate: 18.6%

b) Effective annual rate: 20.27%

c) Effective annual rate: 20.43%

d) Effective annual rate: 20.44%

Step-by-step explanation:

The effective annual interest rate, if it is not compounded continuously, is given by the formula

$I=C(1+\frac{r}{n})^{nt}-C$

where

C = Amount of the credit granted

r = nominal interest per year

n = compounding frequency

t = the length of time the interest is applied. In this case, 1 year.

In the special case the interest rate is compounded continuously, the interest is given by

$I=Ce^{rt}-C$

(a) Annually

$I=C(1+\frac{0.186}{1})-C=C(1.186)-C=C(1.186-1)=C(0.186)$

The effective annual rate is 18.6%

(b) Monthly

There are 12 months in a year

$I=C(1+\frac{0.186}{12})^{12}-C=C(1.2027)-C=C(0.2027)$

The effective annual rate is 20.27%

(c) Daily

There are 365 days in a year

$I=C(1+\frac{0.186}{365})^{365}-C=C(1.2043)-C=C(0.2043)$

The effective annual rate is 20.43%

(d) Continuously

$I=Ce^{0.186}-C=C(1.2044)-C=C(0.2044)$

The effective annual rate is 20.44%

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3 years ago

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Answer:

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shepuryov [24]

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3 years ago

Read 2 more answers

Find the amount accumulated if 50000 is invested for 20 years at a rate of 7% compounded daily

lys-0071 [83]

The formula for compound interest is given by :

A=P(1+r/n)^(nt)

$A=P(1+\frac{r}{n} )^(nt)$

Here we are given that

P=50000

time(t) = 20 years

rate =7%=0.07

n=365 ( daily)

Plugging in the values in the given formula we get

$A=50000(1+\frac{0.07}{365} ^(365*20)$

Answer : A=202732.78381....

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3 years ago