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EleoNora [17]
2 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]2 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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8 out of 200 is what percent
kipiarov [429]
Hey there! 

Here are the steps involved in answering this question:

1. Write 8 out of 200 as a fraction which is \frac{8}{200}

2. Turn the fraction into a decimal. To do this, divide the numerator by the denominator. The numerator is the top part of the fraction while the denominator is the bottom part of the fraction.

\frac{8}{200}  = 0.04

3. You get 0.04. Now, turn this into a percent. Move the decimal, 2 places to the right or just multiply the decimal by 100.

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The final answer is 4%.

Another way of doing this is to get 100 as a denominator.
Since, percent means, "Out of 100", we have to make the denominator 100.

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Just divide each side by 2.

Again, the final answer is, 4%

<span>(If you feel that my answer has helped you, please consider rating it and giving it a thank you! Also, feel free to make the best answer, the brainliest answer!)
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<span>Thank you! :D</span>
6 0
3 years ago
Read 2 more answers
What is the length of the rectangle?
gregori [183]

Step-by-step explanation:

area \: of \: rectangle \:  = 60 \:  {yards}^{2}  \\  \therefore \: (w + 4) \times \: w = 60\\  \\  \therefore \:  {w}^{2}  + 4w -60 = 0 \\  \\  \therefore \: {w}^{2}  + 10w - 6w -60 = 0 \\  \\   \therefore \: w({w} + 10) - 6(w  + 10)= 0 \\  \\  \therefore \: ({w} + 10) (w- 6)= 0 \\ \therefore \: {w} + 10 = 0 \: or \: w- 6 = 0 \\  \therefore \: {w}   = -  10  \: or \: w =  6  \\  \because \: sides \: of \: rectangle \: cant \: be \: negative \\  \therefore \: w \neq \:    - 10 \\  \\ \therefore \: w = 6 \\  \\ \therefore \: w + 4 = 6 + 4 = 10 \\  \\ length \: of \: rectangle \:  = 10 \: yards.

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spin [16.1K]
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