What you do is look at the graph and whatever that line is on then that will be your answer.
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.
Answer:
I Cannot See A Graph, But I Know That It Falls At 48 Feet Per Second So I Hope This Could Help
Step-by-step explanation:
Again, I Cant See Any Graphs So I Cannot Help You, I'm so sorry :/
C I think that's it idk I might be wrong sorry if I am
C because i did it and got it right
