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GarryVolchara [31]
3 years ago
8

If a store credit account charges 1.5% interest each month, what is the APR?

Mathematics
2 answers:
Gelneren [198K]3 years ago
7 0
If the monthly interest is 1.5%, then the APR is

100 [ (1.015)¹² - 1 ] = <u>19.56 %</u>

You might think that it would be (12 x 1.5) = 18% , but it's not.

The interest is compounded.  That means interest is added this month,
and then it becomes part of the amount on which interest is charged
next month.

So you're charged interest on interest, and it adds up.
Anuta_ua [19.1K]3 years ago
6 0
The APR is the annual percentage rate
therefore the APR is 1.5x12=18%
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Adding two rational numbers if a pair of Addends has the opposite signs then the sun will have the sign of the addend with the w
Mazyrski [523]
Adding two rational numbers if a pair of Addends has the opposite signs then the sun will have the sign of the addend with the with the greater  value among the two.

These examples can better illustrate this concept:
Example 1:
23 + (-3) = 20 (The greater among the two is positive and the result is also positive)

Example 2:
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3 0
3 years ago
HELP DUE AT 3!!!!!!!!!!!
MrRa [10]

Answer:

3x + 12 + x = 180

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4x = 168

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(I'm guessing you're in a different timezone than I am because it's already 3:35 here)

3 0
3 years ago
British columbia is about 1/11 of the size of canada. Vancouver island is about 1/29 the size of british columbia. What fraction
Irina18 [472]

well, BC is in Canada and is 1/11.

Vancouver is in BC and is 1/29 of BC.

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\bf \cfrac{1}{29}\cdot \cfrac{1}{11}\implies \cfrac{1}{319}

8 0
3 years ago
11. Write and solve and solve an equation to find the measure of
ad-work [718]

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39

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4 0
3 years ago
In a​ one-way ANOVA, what does it mean to reject the statement in the null hypothesis if three treatment groups are being​ compa
Dennis_Churaev [7]

Answer:

This means we reject that all the three groups have same means.

Step-by-step explanation:

given that in a one-way ANOVA, we reject the statement in the null hypothesis if three treatment groups are being​ compared

In anova one way we compare the means of more than two groups.

The hypotheses are set up as

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When we find out F statistic by dividing SST by MST

we get p value.

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4 0
4 years ago
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