Answer: Well This is what 24% APR on a credit card is?
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.
Step-by-step explanation:
<span>14% per year
</span>14% /12 = 1.2% is <span> the monthly growth rate</span>
Answer:
Not a discrete probability distribution
Step-by-step explanation:
In order for a distribution to be a discrete probability distribution, the sum of the probabilities must be equal to 1:
Since 0.29 + 0.05 + 0.26 = 0.60, then it is not a discrete probability distribution
Answer:
f(x) = 2+2*x where x is the miles you run
Step-by-step explanation:
Lets call f(x) the function that show how much money the sponsor will give you as a function of the miles you walk (x). If you do not walk any mile you have only $5, then if you walk one mile you get $5+$2=$7, and so on. Lets use a simple table for some values (I will omit $ symbol for simplicity):
x (miles) f(x) (money)
1 5+2
2 5+2(2) = 9
3 5+3(2) = 11
10 5+10(2) = 25
x 2+2*x
So we can observe a pattern, the total payment you receive will be 5 plus the miles you run multiplied by 2. Thus the expression for the total amount you will collect from your sponsor at the end of the walk a thon is:
f(x) = 2+2*x
where x is the miles you run.
I hope it is understandable.
