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3 years ago

14

A credit card issuer charges an APR of 19.66%, and its billing cycle is 30 days long. What is its periodic interest rate? Round

your answer to the nearest hundredth of a percent.

2 answers:

Sindrei [870]3 years ago

8 0

Answer:

1.62

Step-by-step explanation:

a.p.e.x

Sati [7]3 years ago

4 0

Answer:

1.62% -- APEX

Step-by-step explanation:

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The formula for computing compound interest for a principal P that is invested at an annual rate r and compounded annually is gi

maria [59]

9514 1404 393

Answer:

r ≈ 6%

Step-by-step explanation:

Solving for r when n=2, we have ...

$A=P(1+r)^2\\\\\dfrac{A}{P}=(1+r)^2\\\\\sqrt{\dfrac{A}{P}}=1+r\\\\\boxed{r=\sqrt{\dfrac{A}{P}}-1}$

For the given values of A and P, the value of r is ...

$r=\sqrt{\dfrac{5600}{5000}}-1=\sqrt{1.12}-1\approx 1.0583-1\\\\\boxed{r\approx 6\%}$

8 0

2 years ago

Help help help help help

Naddik [55]

Answer:

<, -4

Step-by-step explanation:

-8x-20<12

add 20 to both sides

-8x=32

divide both sides by -8

x=-4

3 0

2 years ago

What is the step by step equation to solve 5 (y + 2/5) = -13

Temka [501]

5( y + 2/5) = -13

Distribute the 5 by multiplying the 5 by each term inside the set of parentheses:

5y + 2 = -13

Subtract 2 from both sides:

5y = -15

Divide both sides by 5:

Y = 3

The answer is y = 3

4 0

3 years ago

A digital camera for 249.99 at 4% sales tax

spin [16.1K]

First round up 249.99 to 250.00

Then change the 4% into a decimal= 1.04

Now multiply so the equation is= 250 x 1.04 =

$260 as your answer!

4 0

3 years ago

In the inequality -4x > -16, your sign will stay the same because there are 2 negatives. True or False

snow_tiger [21]

Answer:

False

Step-by-step explanation:

If x is a negative number then it will stay the same. If it is a positive number then it depends.

8 0

3 years ago