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Tems11 [23]
2 years ago
7

in the number 40.9113,how does the value of 1 in hundredths place compare to the value of 1 in the thousandths place ???

Mathematics
2 answers:
zalisa [80]2 years ago
8 0
1 in the hundredths place is smaller to the value of 1 in the thousands place. They both are behind the decimals also.
gizmo_the_mogwai [7]2 years ago
5 0
The 1 in the hundredths place is ten times bigger in value than the 1 in the thousandths place.
1/100 = 1/1000 x 10
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A credit card company charges 18.6% percent per year interest. Compute the effective annual rate if they compound, (a) annualy,
Darina [25.2K]

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a) Effective annual rate: 18.6%

b) Effective annual rate: 20.27%

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d) Effective annual rate: 20.44%

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The effective annual interest rate, if it is not compounded continuously, is given by the formula

I=C(1+\frac{r}{n})^{nt}-C

where

<em>C = Amount of the credit granted </em>

<em>r = nominal interest per year </em>

<em>n = compounding frequency </em>

<em>t = the length of time the interest is applied. In this case, 1 year. </em>

In the special case the interest rate is compounded continuously, the interest is given by

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(a)  Annually

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The effective annual rate is 18.6%

(b) Monthly

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I=C(1+\frac{0.186}{12})^{12}-C=C(1.2027)-C=C(0.2027)

The effective annual rate is 20.27%

(c) Daily

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I=C(1+\frac{0.186}{365})^{365}-C=C(1.2043)-C=C(0.2043)

The effective annual rate is 20.43%

(d)  Continuously

I=Ce^{0.186}-C=C(1.2044)-C=C(0.2044)

The effective annual rate is 20.44%

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2 years ago
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