Answer:
3.5%
Step-by-step explanation:
Interest = 10100 - 8000 or 2100
I = Prt
2100 = 8000(9/12)r
2100 = 600r
2100/600 = r
3.5 = r
The answers are 2460, 37,000, 3670 and 5000
Step-by-step explanation:
- Step 1: Find the answers for each by multiplying.
24.6 × 100 = 2460 (moved one decimal point)
37 × 1000 = 37,000
0.367 × 10000 = 3670 (moved three decimal points)
0.005 × 1000,000 = 5000 (moved three decimal points)
Answer:62x
Step-by-step explanation: subtract 64 by 2 then add an x
Answer:
C. Its APR, because it's less than its effective interest rate.
Step-by-step explanation:
The interest rate determines the money you must pay on the outstanding balance on the credit card.
The credit card company would advertise the lowest numbers it could truthfully use.
The APR is 15.83 %.
The formula for the effective interest rate is

where the interest rates are expressed as decimals.
If the APR is 15.83% and the interest is compounded daily,

The APR is less than the effective interest rate, so that's what the company would advertise.