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.
Answer:
B = -0.03t + 0.24
Step-by-step explanation:
Given: battery is at 24% when Logan leaves the house; it loses 3% per hour.
"T" is a placeholder for every hour. In one hour, the phone will be at 21%.
All you have to do is cancel the x 4/11
Answer:
x = 20
Step-by-step explanation:
The triangle is isosceles ( 2 congruent sides )
Hence the base angles are congruent, thus
3x = 60 ( divide both sides by 3 )
x = 20
