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Lana71 [14]
3 years ago
8

If the average daily balance is $294.45 and the finance charge is $5.57 for the month of March, what is the annual interest rate

? Round to the nearest hundredth. Explain the steps used to obtain the answer. Answer in complete sentences.
Mathematics
1 answer:
Fynjy0 [20]3 years ago
4 0

Answer:

6.00 294.00

Step-by-step explanation:

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you have a credit card with an initial balance of $3,1168.00 an an interest rate of 12.75%APR. if you make no payments on the ca
malfutka [58]

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approximately $27K

Step-by-step explanation:

6 0
3 years ago
Three people are running for president of a class. The results of a poll indicate that the first candidate has an estimated 37%
lianna [129]

Answer:

0.19

Step-by-step explanation:

The are three candidate running for president and we know that probability of winning for first candidate and the probability of winning for second candidate and we have to find the probability of winning for third candidate

P(C1)=0.37

P(C2)=0.44

P(C3)=?

We know that sum of probabilities is always 1. So,

P(C1)+P(C2)+P(C3)=1

0.37+0.44+P(C3)=1

P(C3)=1-0.37-0.44

P(C3)=0.19

Thus, the probability of winning for third candidate is 0.19.

7 0
3 years ago
4 more than twice a number is -10
timama [110]

Answer:

The number is -3

Step-by-step explanation:

Write an equation

2x+4=-10

add 4 on both sides

2x=-6

divide 2 on both sides to isolate variable

x=-3

3 0
3 years ago
Premises: All good students are good readers. Some math students are good students. Conclusion: Some math students are good read
just olya [345]

Answer:

Therefore, the conclusion is valid.

The required diagram is shown below:

Step-by-step explanation:

Consider the provided statement.

Premises: All good students are good readers. Some math students are good students.

Conclusion: Some math students are good readers.

It is given that All good students are good readers, that means all good students are the subset of good readers.

Now, it is given that some math students are good students, that means there exist some math student who are good students as well as good reader.

Therefore, the conclusion is valid.

The required diagram is shown below:

3 0
3 years ago
A research team hypothesizes that setting weekly scheduled online interactions versus not setting such interactions can boost th
leva [86]

Answer:

Type I error occurs when the null hypothesis, H0, is rejected, although it is true.

Here the null hypothesis, H0 is:

H0: Setting weekly scheduled online interactions will boost the well being of people who are living on their own during the stay at home order.

a) A Type I error would be committed if the researchers conclude that setting weekly scheduled online interactions will not boost the well being of people who are living on their own during the stay at home order, but in reality it will

b) Two factors affecting type I error:

1) When the sample size, n, is too large it increases the chances of a type I error. Thus, a sample size should be small to decrease type I error.

2)A smaller level of significance should be used to decrease type I error. When a larger level of significance is used it increases type I error.

7 0
3 years ago
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