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Vanyuwa [196]
3 years ago
7

Reca was approved for a credit card that charges an apr of 26% what is her monthly interest rate?

Mathematics
1 answer:
Lesechka [4]3 years ago
7 0

Answer:

i_m=0.01945 or 1.945%

Step-by-step explanation:

Term annual percentage rate(APR) is the annual interest rate charged ona financial year for a duration of one year. APR can be converted to weekly, monthly, daily or even semi-annual rates using the below formula.

Effective rate for period = (1 + annual rate)(1 / n of periods) – 1

Rate is given as:

i_m=(1+i)^\frac{1}{12}-1\\i_m=(1+0.26)^\frac{1}{12}-1\\i_m=0.01945

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Answer:

\theta = \frac{\pi}{2}

Step-by-step explanation:

Given

\sin(\theta) = 1

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Required

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0 < \theta < \pi implies that \theta is between 0 and 180 degrees

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We have:

0 < \theta < \pi or 0 < \theta < 180

To get other values of \theta

We use:

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Substitute: \theta = 90

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\sin(90) = \sin(90)

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Step-by-step explanation:

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<em><u>Solution:</u></em>

<em><u>Given equation is:</u></em>

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By plugging in n = 3 in given equation we can find the value of given equation

<em><u>Substitute n = 3 in given equation</u></em>

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P= $790, t= 3, r=4% compounded continuously : Find A
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