Answer:
APR = 416%
EAR = 5370.60%
Step-by-step explanation:
Given:
Interest rate = 7.8% per week
Now,
In an year there are total 52 weeks
thus,
The APR (Annual percentage rate) = Interest rate × Total weeks in an year
or
APR = 8% × 52
or
APR = 416%
and, EAR ( Effective Annual Rate ) = ( 1 + r )ⁿ - 1
Here,
r is the interest rate per week
n is the total weeks in an year
thus,
EAR ( Effective Annual Rate ) = ( 1 + 8% )⁵² - 1
= ( 1 + 0.08 )⁵² - 1
= 53.7060
or
53.7060 × 100% = 5370.60%
It is 18 because the radius is half the diameter and 9 x 2 = 18.
Step-by-step explanation:
Number of employees in 9 years
= 870 * (1 - 0.02)⁹
= 870 * (0.98)⁹
≈ 725 employees.
Answer:
Step-by-step explanation:
The student hasn't finished the factoring yet.
<u>He still needs the step:</u>
<u>The next step:</u>
- 0 = 2x + 5, 0 = x + 1
- x = - 2.5, x = - 1
