Answer:
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Solution:- Answer is 19.33%
Annual percentage rate (APR) is the yearly rate for a price which have to pay for borrowing money through credit card.
Here Caleb has an offer from a credit card issue for i=0% APR for the first 30 days.
now, effective interest rate for n= 30 days
=
After 30 days APR =17.68%=0.1768
n=365-30=335 days
now the effective interest rate for n=335 days
=
=19.33%
So the effective interest rate for 365 days =0+19.33% =19.33%
So fourth option is correct.
Equation: 9+2x=5,353
-9 - 9
2x=5,344
then divide both sides by 2
x=2,672
By looking at the graph and seeing which point crosses the y axis. This point will always have an x coordinate of zero.