Barney can save
$119.66
in interest over the course of a year if he transfers his balance to a credit
card with an APR of 19.1%, compounded monthly. The correct answer between all
the choices given is the first choice or letter A.
Answer:
It is 4/11
Step-by-step explanation:
Let x = 0.363636363636
Now as there are two digits repeating immediately after decimal point, we multiply above by 100 and get
100x = 36.363636363636
Now subtracting first equation from second we get
99x = 36
and hence
x = 36/ 99
= (9 × 4) / (9 × 11)
which then equals
= 4/11
Answer:
x = 1
Step-by-step explanation:
We need to solve for x by isolating the variable.
First, expand the parentheses:
2(x + 1) = 4
2 * x + 2 * 1 = 4
2x + 2 = 4
Then subtract by 2:
2x + 2 - 2 = 4 - 2
2x = 2
Finally, divide by 2:
2x/2 = 2/2
x = 1
Thus, x = 1.
Hope this helps!
The number of years it would take sales to reach $1,750,000 is 14.65 years.
<h3>What is the number of years?</h3>
The formula that can be used to determine the number of years it would take for the sales to reach $1,750,000 is:
Number of years : In (FV / PV) / r
Where:
- FV = future level of sales - $1,750,000
- PV = present level of sales = 850,000
- r = rate of growth - 4.931998%
Number of years : In ($1,750,000 / 850,000) / 0.04931998
Number of years : In (2.06) / 0.04931998
Number of years : 14.65 years
To learn more about how to determine the number of years, please check: brainly.com/question/21841217
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