Answer:
The answer is 5/4 in fraction form and 1.25 decimal form
Answer:
APR = 416%
EAR = 5370.60%
Step-by-step explanation:
Given:
Interest rate = 7.8% per week
Now,
In an year there are total 52 weeks
thus,
The APR (Annual percentage rate) = Interest rate × Total weeks in an year
or
APR = 8% × 52
or
APR = 416%
and, EAR ( Effective Annual Rate ) = ( 1 + r )ⁿ - 1
Here,
r is the interest rate per week
n is the total weeks in an year
thus,
EAR ( Effective Annual Rate ) = ( 1 + 8% )⁵² - 1
= ( 1 + 0.08 )⁵² - 1
= 53.7060
or
53.7060 × 100% = 5370.60%
Answer:
9 min
Step-by-step explanation.
half of ten is 5 and half of 8 is 4 and 4 + 5 = 9
Call Dawn's wage x, we will have Vesna's wage = x + 17 and Chris' wage = 4x(x + 17). So we have the equation:
Therefore, Chris's wage:
