<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><span>For example, a credit card company might charge 1% interest each month; therefore, the APR would equal 12% (1% x 12 months = 12%). This differs from APY, which takes into account compound interest. The APY for a 1% rate of interest compounded monthly would be 12.68% [(1 + 0.01)^12 – 1= 12.68%] a year. If you only carry a balance on your credit card for one month's period you will be charged the equivalent yearly rate of 12%. However, if you carry that balance for the year, your effective interest rate becomes 12.68% as a result of compounding each month.</span>
Answer:
3 tee shirts and 2 dresshirts
Step-by-step explanation:
Answer:
$628.67
Step-by-step explanation:
15% of her restaurant bill is $94.30.
15 goes into 100, 6 2/3 times. so we multiply both 15% and $94.30 by 6 2/3 to get 100% and the restaurant bill.
15% x 6 2/3 = 100%
$94.30 x 6 2/3 =
628.666666
or
$628.67
I hope that this helps! :)
