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:
1/6
Step-by-step explanation:
jason ate 1/2, so only 1/2 of the pizza is left.
1 ÷ 2 = 1/2
he split it equally between himself and 2 friends (3 people)
1/2 ÷ 3
= 1/2 × 1/3
=1/6
Answer:I did this one and its 0.75
Step-by-step explanation:
4.43
To find the mean (average) # of sick days taken, you add all the numbers, then divide by the number of employees.
31 ÷ 7 = 4.4285714286 or aprox. 4.43
Answer:
x= 9
Step-by-step explanation:
Move the terms -> -1=14x = -12x + 16
Find out the sum -> 2x=17+1
Divide both by the equation by two -> 2x=18 x=9
Final answer: x=9
