Answer:
the answer depends on which type of interest we use:
- simple interest rate = 24%
- compound interest rate = 26.82%
Step-by-step explanation:
the interest rate paid for holding the cards one month 1/50 or 2%.
to convert 2% monthly interest rate to a simple annual rate:
monthly rate x 12 months = 2% x 12 = 24%
now to convert 2% monthly interest rate to an annual rate (using compound interest):
- = (1 + r)ⁿ - 1
- = (1 + 0.02)¹² - 1 = 1.2682 - 1 = 0.2682 or 26.82%
in compound interest, earned interest earns even more interest by itself besides the interest earned by the principal.
Substitute 2x+1 where y is in the equation:
9x-2(2x+1)=8
Then distribute the -2(2x+1)
9x-4x+2=8
Then combine like terms (the x)
5x+2=8
Then do -2 on both side of the equation sign
5x+2=8
- 2 -2
Then you'd get
5x=6
Then divide 5 on both sides
X= 1.2
Answer:
5.3!
Step-by-step explanation:
( in case you need work ) the angles are congruent so you set them equal to each other!
6x+12=9x-4
you then get 16=3x then divided its 5.3!
Answer:
The answer is A
Step-by-step explanation:
It has to exceed not be same or equal to
