1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ratelena [41]
3 years ago
15

Bob businessman offers credit at 20% interest per year. APR?%

Mathematics
2 answers:
ryzh [129]3 years ago
6 0

Answer:

APR = 21.9%.

Step-by-step explanation:

We can assume that Bob businessman offers the 20%, but interest is compounded monthly.

First we must determine the monthly interest rate = 20% / 12 months = 1.667%

to determine the total APR we must calculate compound interest for the year:

compound interest = (1 + r)ⁿ = (1 + 1.667%)¹² = 21.9%

*compound interest refers to interest that gains interest.

scZoUnD [109]3 years ago
4 0

Answer:

Step-by-step explanation:

22.9

You might be interested in
Bob has a coin collection made up of pennies and nickels. If he has three times as many pennies as nickels and the total face va
mina [271]

Answer:

I think its 15600..

Step-by-step explanation:

7 0
3 years ago
42 out of 56 students have cell phone. What percent of students said they owned a cell phone
sesenic [268]

Answer:

75%

Step-by-step explanation:

now we can see that our fraction is 75/100 which means that 42/56 as a percentage is 75%

6 0
2 years ago
Which transformations will produce similar, but not congruent, figures?
mart [117]
The first and fourth
6 0
3 years ago
Please help asap will give brainlist ​
vagabundo [1.1K]

Answer:

Both are equations, one is linear, one is not linear boom

Step-by-step explanation:

4 0
3 years ago
Are the following systems equivalent? How do you know?
Nadya [2.5K]

Answer:

<h3>No, they are not equivalent</h3>

Step-by-step explanation:

Are the following systems equivalent? How do you know?

For the equation;

2x+y= -4 ... 1

7x+7y=0 ... 2

Let us find the solution of the equation;

From 1;

y = 4 - 2x

Susbtitutw into 2;

7x + 7(4-2x) = 0

7x + 28 - 14x = 0

-7x + 28 = 0

7x = 28

x = 28/7

x = 4

Recall that y = 4-2x

y = 4 - 2(4)

y = 4 - 8

y = -4

The solution is (4, -4)

For the other equations;

5x+6y= 4 ... 1 * 1

4x+2y= -4 ..... 2 * 3

___________________

5x+6y= 4

12x+6y= -12

Subtract

5x-12x = 4 + 12

-7x = 16

x = -16/7

Since the solutions to both simultaneous equations are different, hence the systems of equations are not equivalent.

5 0
3 years ago
Other questions:
  • Find the equation of the line that contains the point (3,9) and is parallel to the line y=4x+1. Write the line in slope-intercep
    12·1 answer
  • An insurance company selected a random sample of 500 clients under 18 years of age and found that 180 of them had had an acciden
    15·1 answer
  • Jeremiah wants to set aside enough money for lunch during the coming year. How much money will he need to save assuming he eats
    12·2 answers
  • PLEASE HELP!!!!!! URGENT!!!!!!!!! ALGEBRA! Hannah, Yu, and Becky went to buy groceries together. All three of them bought pasta,
    10·1 answer
  • Closest square root of 59.4
    9·2 answers
  • Round 9.486 to the nearest tenths
    5·1 answer
  • You start at (7, 1). You move right 3 units.
    12·2 answers
  • How do we show that two lines are parallel when using slope? How do we show they are perpendicular when using slope?
    11·1 answer
  • (urgent please help!!!!)in computing the mean of 8 numbers, a student mistakenly used 17 instead of 25 as one of the numbers and
    10·2 answers
  • I need help will mark brainliest if correct!
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!