Each ticket sold yields 9$ of profit
Answer:
terms- + -
variables- x p
coefficent-7 3
constant- 9
Step-by-step explanation:
Distance = rate x time
Distance = 221 miles
Rate = 68 mph
221 miles = 68 mph x time
221 miles/68 mph = time
3.25 hours = time
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%
