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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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(3x + 5y = 7<br> { 4x - y = 5
dalvyx [7]

Answer:

Step-by-step explanation:

Solution by substitution method

3x+5y=7

and 4x-y=5

Suppose,

3x+5y=7→(1)

and 4x-y=5→(2)

Taking equation (2), we have

4x-y=5

⇒y=4x-5→(3)

Putting y=4x-5 in equation (1), we get

3x+5y=7

⇒3x+5(4x-5)=7

⇒3x+20x-25=7

⇒23x-25=7

⇒23x=7+25

⇒23x=32

⇒x=32/23

→(4)

Now, Putting x=32/23

in equation (3), we get

y=4x-5

⇒y=4(32/23)-5

⇒y=(128-115)/23

⇒y=13/23

∴y=13/23   and x=32/23

5 0
2 years ago
What is the range of h?
Bas_tet [7]

Answer:

-3 ≤y≤6

Step-by-step explanation:

The range is the output values or the y values

The y values go from -3 to 6 including these values

-3 ≤y≤6

3 0
4 years ago
JL = 28,<br> KL= 5x + 6, and<br> JK = 3x + 6,
Alexeev081 [22]

Answer:

KL = 16

Step-by-step explanation:

For this problem, JL is the sum of KL and JK.  So we can say this:

JK + KL = JL

( 3x + 6 ) + ( 5x + 6 ) = 28

8x + 12 = 28

8x = 16

x = 2

So, now we can find KL:

5x + 6 = ?

5(2) + 6 = ?

10 + 6 = ?

16 = ?

So the length of KL is 16.

Cheers.

7 0
4 years ago
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Bumek [7]

Answer:

44

Step-by-step explanation:

7 0
3 years ago
Find 64% of 25. Use a fraction. 2. 14 15 16​
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Hey person hope you have a great day and download Socratic in the App Store it will really help you
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