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EleoNora [17]
3 years ago
14

Harold opened a credit card at a department store with an APR of 14.55% compounded monthly. What is the APY on this credit card?

Mathematics
1 answer:
Gennadij [26K]3 years ago
6 0

Answer:

the APY on this credit card is 15.56%

Step-by-step explanation:

The computation of the APY is as followS:

The nominal monthly rate is

= 0.1455 ÷ 12

= 0.012125

Now

real annual rate= [(1 + Nominal monthly rate)^number of months] - 1

= [(1.0.12125^12) - 1]

= 15.56%

Hence, the APY on this credit card is 15.56%

The same is considered by applying the given formula

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For the following system, use the second equation to make a substitution for y in the first equation. 3x + y = 1 y + 4 = 5x What
Debora [2.8K]

Answer:

The answer is A.

Step-by-step explanation:

So we have the two equations:

3x+y=1\\y+4=5x

To make a substitution of the second equation into the first equation, we need to isolate the <em>y </em>variable in the second equation. Thus:

y+4=5x\\y=5x-4

Now, we can substitute this into the first equation. Therefore:

3x+y=1\\3x+(5x-4)=1\\3x+5x-4=1

7 0
3 years ago
I’m stuck on this which one is correct ?
stepan [7]
The answer is c. Bcs A + B = 90 [ 35 + 55 = 90]
3 0
3 years ago
Read 2 more answers
A blue die and a red die are thrown. B is the event that the blue comes up with a 6. E is the event that both dice come up even.
iVinArrow [24]

Answer:

Size of |E n B| = 2

Size of |B| = 1

Step-by-step explanation:

<em>I'll assume both die are 6 sides</em>

Given

Blue die and Red Die

Required

Sizes of sets

- |E\ n\ B|

- |B|

The question stated the following;

B = Event that blue die comes up with 6

E = Event that both dice come even

So first; we'll list out the sample space of both events

B = \{6\}

E = \{2,4,6\}

Calculating the size of |E n B|

|E n B| = \{2,4,6\}\ n\ \{6\}

|E n B| = \{2,4,6\}

<em>The size = 3 because it contains 3 possible outcomes</em>

Calculating the size of |B|

B = \{6\}

<em>The size = 1 because it contains 1 possible outcome</em>

8 0
3 years ago
Tim has twice as many marbles as Luke together they have 39 marbles how many marbles does time have
Travka [436]
Tim has 2 times as luke
t=2l
they have 29 goether
t+l=39
subsitute
2l+l=39
3l=39
divide by 3
l=13

subsitue
t=2l
t=2(13)
t=26


tim has 26 and luke has 13
I don't know how many marble Tim has but probably all of them since alll must die and then the marbles go to Time
3 0
3 years ago
Read 2 more answers
Solve by graphing. <br>2x + 3y = 6 <br>2x - 2y = -4
Lana71 [14]
Slope -2/3
Y Intercept 2

Slope1
Y Intercept 2
3 0
3 years ago
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