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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

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Please very urgent!!!
OleMash [197]

Answer:

216

Step-by-step explanation:

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7 0
3 years ago
What is a formula for the nth term of the given sequence? 50, -20,8...​
Tatiana [17]

Answer:

L = 50 * (-0.4)^(n - 1)

Step-by-step explanation:

r = t2/t1 = -20/50 = - 0.4

a = 50

L = 50 * (r)^(n - 1)      Let's  see if we can get the answer when n = 3

L=50 * (-0.4)^(3 -1)

L =50* (-0.4)^2

L = 50 * 0.16

L = 8 which is correct

5 0
3 years ago
The points , (−15,1) and , (−7,r) lie on a line with slope 5/4. Find the missing coordinate r. Click image to enlarge
Nadya [2.5K]

The missing coordinate r is 11.

Solution:

Given points are (–15, 1) and (–7, r).

x_{1}=-15, x_{2}=-7, y_{1}=1 \text { and } y_{2}=7

Slope (m) = \frac{5}{4}

<u>To find the missing coordinate r:</u>

Slope formula:

$m=\frac{y_{2}-y_{1}}{x_{2}-x_{1}}$

Substitute the given values in the formula.

$\frac{5}{4}=\frac{r-1}{-7-(-15)}

$\frac{5}{4}=\frac{r-1}{-7+15}

$\frac{5}{4}=\frac{r-1}{8}

Do cross multiplication.

8 \times 5=4(r-1)

40 = 4r – 4

Add 4 on both side of the equation.

44 = 4r

Divide by 4 on both side of the equation.

11 = r

⇒ r = 11

Hence the missing coordinate r is 11.

6 0
3 years ago
How would you also do this??
Vesna [10]

4(5x + 7) = 128

First, I'd do distributive property and get:

20x + 28 = 128

Then, subtract 28 from each side.

20x = 100

Next, I'd divide 100 by 20 = 5

x = 5

4 *(5(5) + 7) = 128

5 * 5 = 25

4 * (25 + 7)

4 * 32 = 128

Therefore, the perimeter = 2l + 2w

l = 4

w = 5x + 7

BUT we know that x = 5

w = 5(5) + 7 = 32

2(4) + 2(32)

8 + 64 = 72

Therefore, the perimeter would be 72 inches.

5 0
3 years ago
Help pLLEAAASSEE LOLOLOL
guajiro [1.7K]

Answer:

the answer is c, hope this helps

5 0
3 years ago
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