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UNO [17]
3 years ago
14

Your friend tells you that if you let him keep 50 of your Pokemon cards for a month, he will give you 1 card extra when he retur

ns your cards. What is the annual rate of interest he is willing to pay for the borrowed cards? Note: Even though he only keeps your cards for a month, we can still calculate an annual interest rate
Mathematics
1 answer:
oksano4ka [1.4K]3 years ago
3 0

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.

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PLS HELP I WILL AWARD BRANLIEST
sveticcg [70]

Answer:

x = 14

2x = 28

6x = 84

Step-by-step explanation:

6x = 180 - 124 + 2x

4x = 56

x = 14

7 0
2 years ago
What is the length of ST?​
defon

Answer:

5 cm

Step-by-step explanation:

Let's assume this is a number line were given.

Distance of S from 0 = 4 units

Distance of T from 0 = 9 units

Length of ST = the difference between T and S

ST = |9 - 4| = 5 units = 5 cm

This means S and T are 5 cm apart.

3 0
3 years ago
The low temperature in degrees Fahrenheit for 5 days was – 5, – 7, – 2, 2, and – 3. What was the average low temperature for tho
sammy [17]

Answer:

-3

Step-by-step explanation:

To find the average of different numbers, first you add them all up. So -5+-7+-2+2+-3+=-15. Then, you divide the sum of all the numbers by the amount of numbers there were. So in this case, there were 5 numbers so we would divide the sum of all of them by 5. So now we do -15/5=-3.

Another example of finding the average of numbers is 15+4+10+9+3+1. So first we add them up and we get 42, then again, we divide by the amount of numbers there are. So we do 40/6 and we get 7, so the average is 7.

I hope this helped.

5 0
3 years ago
Expanded -8(-2x-5)<br> please give answer
nika2105 [10]

Answer:

-80

Step-by-step explanation:

We have to do the parentheses first because it's part of PEDMAS.

-2x-5= 10

Next, we take 10 times -8

-8 x 10= -80

There you go! Hope this helps!

8 0
3 years ago
Read 2 more answers
How do you find a solution for an inequality equation?
kozerog [31]

Answer:  By adding, subtracting, multiplying or dividing both sides until you are left with the variable on its own. Don't multiply or divide by a variable unless you know it is always positive or always negative.

Step-by-step explanation:

5 0
3 years ago
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