Answer: The managers statment would most likely give the valid interpretation.
Step-by-step explanation: If the store manager is 95% confident that the average amount spent was between $31.84 and $38.66. Then the store manager is most likey correct so I would have to say I agree with the manager. This may be a tricky question at first, but look at the problem from a different perspective. I am very sorry if this happens to be wrong.
Given:
loan amount = 300
finance charge = 20
term = 14 days.
To solve for APR.
<span>1. Divide the finance charge by the loan amount.
20/300 = 0.0667
2. Multiply the result by 365.
0.0667 x 365 = 24.35
3. Divide the result by the term of the loan.
24.35/14 = 1.74 (APR in decimal format)
<span>
4. Multiply the result by 100.
1.74 x 100 = 174% APR</span></span>
Answer:
X-int = -5 and y-int = 6
Step-by-step explanation:
1.2x+6 = 0
1.2x= -6
X = -6/1.2
X = -5
Answer:
The rate of interest for compounded daily is 2.1 6
Step-by-step explanation:
Given as :
The principal investment = $ 98,000
The Time period for investment = 7 years
Let The rate of interest compounded daily = R %
The Amount at the end up = $ 114,000
<u>From compounded method</u>
Amount = Principal × 
Or, $ 114,000 = $ 98,000 × 
Or, 
= 
or, 1.16326 =
or, 
= 1 + 
1.00005919 - 1 =
or, 0.00005919 =
∴ R = 0.00005919 × 365000 = 2.16
Hence the rate of interest for compounded daily is 2.1 6 Answer
