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: yuhhhh
Step-by-step explanation: get in to it
sorry for doing this i need points
You multiply 55.25 by 0.18. You get 9.945 and then you add it to 55.25. You should get 65.195. Round it to $65.20. That's your answer.
The solution of the given equation is (3,6). The correct option is B.(3,6)
<h3>Given equations,</h3>

<h3>How to solve the equations?</h3>
putting the value of y from equation (1) in equation (2) , we get


substitute the value of x=3 in equation (1) we get,

Hence, the solution of given equation is (3,6).
So, the correct option is B.
For more details about the system of equations, follow the link:
brainly.com/question/12895249
Answer:

Step-by-step explanation:
Part 15) we know that

Solve for k
That means ----> isolate the variable k

we have


substitute

