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OlgaM077 [116]
2 years ago
15

A credit card issuer offers an APR. of 22.08% and compounds interest daily. Which is it most likely to advertise, its APR or it’

s effective Interest rate?
Mathematics
2 answers:
Alex2 years ago
8 0
<span>Answer: The credit card issuer will show APR which is 22.08% and not effective rate of interest. This is because Effective rate, when calculated with the formula given below will come as 24.67% which is 2.59% more and hence will make customers feel that they are paying more. r = [ { (1+ i / n) ^ (n) } - 1] * 100 Where i = APR/100 n = number of compounding periods which is 365 in this case as compounding is done daily. [ { (1+ 0.2208 / 365) ^ (365) }- 1] * 100</span>
Leto [7]2 years ago
5 0

Answer:

It's APR, because it's 2.62% less than its effective interest rate.



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3 years ago
HELP ASAP IM STRUGGLING : The instructions on a box of chicken patties state that one patty should be cooked for 2.5 minutes in
AveGali [126]

Answer:

y= 1.5x + 2.5

Step-by-step explanation:

So slope intercept form is y= mx + b.

y is the number of minutes, so that will be on the left of the equal sign, not part of the math side of the actual equation, because it's the answer.

1.5x is the mx part because it's 1.5 minutes for each extra patty. So that would explain the x attached to it. so for each extra patty you add, that's what x would be.

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3 years ago
9) 80 is 20% of what number?
sweet-ann [11.9K]
<h3><u>Answer:</u></h3>
  • 400 is the number.
<h3><u>Step-by-step explanation:</u></h3>

<em>There can be many ways to find the number.</em><em> I have found the number with the help of fractions and multiplication. </em><em>Below is the solution to your problem.</em>

  • 80 = 20/100
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<h3><u>Conclusion:</u></h3>

<em>Hence, 80 is 20% of 400. </em><em>I hope my method helped you.</em>

BrainiacUser1357

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Read 2 more answers
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Lines AB and CD (if present in the picture) are straight lines. Find x. Give reasons to justify your solutions.
Olin [163]

Answer:

WORDS: The value of x is 15.

EQUATION: x = 15

Step-by-step explanation:

1. AB is a straight line therefore angles AOF, FOG, and GOB total 180º

2. If ∠FOG = 90º, AOF + GOB = 90º by subtraction & substitution property

3. 5x - 15 + 2x = 90 (now solve) --> by substitution

4. 7x - 15 = 90 --> by C.L.T. or <u>C</u>ombine <u>L</u>ike <u>T</u>erms

5. 7x = 105 --> by C.L.T. or <u>C</u>ombine <u>L</u>ike <u>T</u>erms

6. x = 15 --> by inverse operations (division)

Hope this helps!

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