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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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mariarad [96]

Hey!


First, let's find the area. The formula for finding area of a circle is: π · r²


Radius is ½ of the diameter. Divide the diameter by 2 to get the radius.


d = 18

18 ÷ 2 = 9


r = 9

r² = 9 × 9 = 81


The area of the whole pizza is 81π. There are 10 slices. Divide the area of the whole pizza by 10 to find the area of 1 slice.


81π ÷ 10 = 8.1π


<em>That means each slice is 8.1π inches²</em>

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<u><em>Either A or D</em></u>

Step-by-step explanation:

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Answer:

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3 years ago
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