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Artemon [7]
3 years ago
11

A person charges $100 to a credit card with a 24% nominal annual interest rate. Assuming no other charges or payments are made,

find the
balance on the card, in dollars, after 1 year for interest calculated at each time interval. Round to the nearest cent if necessary.
a. annually $
b. every 6 months
C. every 3 months $
d. monthly
e. daily $
Mathematics
1 answer:
Darina [25.2K]3 years ago
3 0

Answer:

im assuming its daily

Step-by-step explanation:

If you have a credit card with a 24% APR, that's the rate you're charged over 12 months, which comes out to 2% per month. Since months vary in length, credit cards break down APR even further into a daily periodic rate (DPR). It's the APR divided by 365, which would be 0.065% per day for a card with 24% APR. Hope this helps. :D

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Y=x+7<br> y=3x+5<br> i need it asap !
Reptile [31]

Answer:

Step-by-step explanation:

y=x+7.........(1)

y=3x+5.......(2)

Equating the two equations

3x +5 = x + 7

3x -x = 7 - 5

2x = 2

x = 2/2

x = 1

Putting x = 1 in (1)

y = x + 7

y = 1 + 7

y = 8

7 0
3 years ago
X+5/5=x+9/7 x equals?
satela [25.4K]
X+5/5=X+9/7
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8 0
3 years ago
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If Karri takes a 7 question true false test and guess on every question, what is the
dusya [7]

Answer:

The  probability that she gets all 7 questions correct is 0.0078.

Step-by-step explanation:

We are given that Karri takes a 7 question true-false test and guess on every question.

The above situation can be represented through binomial distribution;

P(X = r) = \binom{n}{r} \times p^{r} \times (1-p)^{n-r} ; x = 0,1,2,3,........        

where, n = number of samples (trials) taken = 7 question

            r = number of success = all 7 questions correct

            p = probability of success which in our question is probability that

                   question is correct, i.e. p = 50%

Let X = <u><em>Number of question that are correct</em></u>

So, X ~ Binom(n = 7, p = 0.50)

Now, the  probability that she gets all 7 questions correct is given by = P(X = 7)

         P(X = 7)  =  \binom{7}{7} \times 0.50^{7} \times (1-0.50)^{7-7}

                        =  1 \times 0.50^{7} \times 0.50^{0}

                        =  <u>0.0078</u>

6 0
3 years ago
A circle is increased to have a circumference that is 4 times larger than the original. Which of the following options best desc
kogti [31]
Area of a circle is directly proportional to the square of radius of the circle while the circumference is proportional to the radius of the circle. This means that if the radius of a circle is increased x times, then its area will be increased to x^2 times the original area, and the circumference will increase to x times the original circumference.

Thus when the radius is doubled, or in other words if radius mad 2 time the original radius, the area of circle will become 2^2 = 4 time the original area. The circumference will become 2 times the original circumference.

We can calculate exact area and circumference of a circle from its radius using the following equations:

Area of circle = (pi/4)*r^2

Circumference of circle = 2*pi*r

Where r is the radius of the circle.

I know this is a lot, sorry.
3 0
3 years ago
Which shapes contain at least one right angle?<br><br> Select each correct answer.
Andrej [43]
1: Trapezoid
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STEP BY STEP EXPLINATION


A right angle is exactly 90 degrees, so if the pentagon has 108 degree angles, it’s not a right Angle!

The parallelogram has 107 degree angles and 73 degree angles, it’s not exactly 90.
The trapezoid has two right angles! The two sides make a right angle at the vertex! So, it has a right angle!
Same thing for the rectangle!



HOPE THIS HELPS! HAVE A GREAT DAY!
8 0
2 years ago
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