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:
2/7 is already in the simplest form. It can be written as 0.285714 in decimal form (rounded to 6 decimal places).
Answer:
1)
23265
2)
9478.125
3) 102369.09375
Formula nonsense: V=l*w*h
1) meaning V= 33*47*15 so V= 23265
2) meaning V= 22.5*33.7*12.5 so V= 9478.125
3) meaning V= 122.25*50.75*16.5 so V= 102369.09375
Method 1:
Convert the mixed number to the improper fraction:
Make the product:
<em>canceled 2</em>
Method 2:
<em>use the distributive property a(b + c) = ab + ac</em>
Answer:The correct answer is A, 14%.
Step-by-step explanation:
All you have to do is take the 30% chance of you HAVING to stop at the first light and find the chance that you won't have to stop at the first light, which is 70%, or .7. Then you take the chance of having to stop at the second light which is 80%, and find the probability of NOT having to stop there, which is 20%, or .2. Then you multiply the probabilities of not having to stop, which equals to .14.
