Please re-phrase into a question.
Answer: the answer is 1020
Step-by-step explanation: Because lets say 1032-133=899
so if we do 899+121=1020
Answer:
the answer depends on which type of interest we use:
- simple interest rate = 24%
- compound interest rate = 26.82%
Step-by-step explanation:
the interest rate paid for holding the cards one month 1/50 or 2%.
to convert 2% monthly interest rate to a simple annual rate:
monthly rate x 12 months = 2% x 12 = 24%
now to convert 2% monthly interest rate to an annual rate (using compound interest):
- = (1 + r)ⁿ - 1
- = (1 + 0.02)¹² - 1 = 1.2682 - 1 = 0.2682 or 26.82%
in compound interest, earned interest earns even more interest by itself besides the interest earned by the principal.
First, convert into a decimal:
1/10,000,000 = 0.00000001
Next, convert to "the number with a power of 10 using a negative exponent. Move the decimal point to the first <em>number that is not 0</em> (sorry, there is a term for it, but i can't remember it right now, but it is not important to solving the answer)
0.000001 = 1 * 10^-7
1 * 10^-7 is your answer
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