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3 years ago

Why are new offers APRs higher than existing account APRs?

Mathematics

1 answer:

Kamila [148]3 years ago

6 0

Answer:

The APR reflects the interest rate plus the fees you paid directly to the lender or broker or both: origination charges, discount points and any other costs. Those fees add to the cost of the loan, and APR takes them into account. That's why APR is higher than the interest rate.

Step-by-step explanation:

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Given, series of elements are $2, \frac{10}{3}, \frac{50}{9}$

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We know that, common ratio of an G.P is division of any number in that series with the previous number of the series.

So, now take $\frac{10}{3}$ and 2

$\text { Then, common ratio }=\frac{\frac{10}{3}}{2}$

$\begin{array}{l}{\text { Common ratio }=\frac{10}{3} \times \frac{1}{2}} \\\\ {\text { Common ratio }=\frac{10}{3 \times 2}=\frac{10}{6}}\end{array}$

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