If a credit card advertises an annual interest rate of 23%, then the equivalent monthly interest rate is 1.74%
The annual interest rate = 23%
The credit card interest rate the amount you have to pay to borrow the money from them. The credit card interest rate is usually expressed in yearly rate. This is called annual percentage rate.
The monthly interest rate =
=
= 1.0174
Then,
= (1.0174-1) × 100%
Subtract the terms first
= 0.0174 × 100%
Multiply it
= 1.74%
Hence, if a credit card advertises an annual interest rate of 23%, then the equivalent monthly interest rate is 1.74%
Learn more about annual percentage rate here
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The correct answer is C, Nigel read fewer pages than Lucas, because 13 is less than 49
29 - 11 = 18
18 / 3 = 6
If growing at the constant rate of 3ft/y then it will take 6 years for the tree to reach the height of 29 feet.
Answer:
96 yards
Step-by-step explanation:
you could divided this figure into three parts.
i divided it so it is like the two big rectangle and the small one in the middle.
5 times 8=40
40 times 2=80
4 times 4 =16
all add together is 96 yards