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OlgaM077 [116]
3 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:
Alex3 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]3 years ago
5 0

Answer:

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



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vlabodo [156]
I think it's -35. The steps to get that number is subtracting the 3 to the right side. Then you have -2 - 3 which equals to -5. Then you still have x/7= -5. Get rid of 7 from the x and do the same thing to the other side but you multiply 7 and -5. Last you your would be x= -35.
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3 years ago
A certain virus infects one in every 300 people. A test used to detect the virus in a person is positive 90​% of the time when t
garik1379 [7]

Answer:

a)  P[A/B] = 0,019     or     P[A/B] = 1,9 %

b)  P[A- /B-] = 0,9996       or    P[A- /B-] = 99,96 %

Step-by-step explanation:

Bayes Theorem :

P[A/B]  =  P(A) * P[B/A] / P(B)

The branches of events are as follows

Condition 1        real infection     1/300        and     not infection  299/300

Then

1.-    1/300      299/300

When the test is done   (virus present)  0,9 (+)    0,15 (-)

2.-   299/300

When the test is done  ( no virus )   0,15  (+)     0,85 (-)

Then:

P(A) = event person infected          P(B)  =  person test positive

a) P[A/B]  = P(A) * P[B/A] / P(B)

where   P(A)  = 1/300  =   0,0033   P[B/A] = 0,9    

Then P(A) * P[B/A] =  0,0033*0,9  =  0,00297

P(B)   is    ( 1/300 )*0,9  +  (299/300)*0,15

P(B) = 0,0033*0,9 + 0,9966*0,15    ⇒  P(B) = 0,1524

Finally

P[A/B] =  0,00297 /0,1524

P[A/B] = 0,019     or     P[A/B] = 1,9 %

b) Following sames steps:

P[A- /B-] = (299/300) * 0,85  / (299/300) * 0,85 + (1/300 * 0,1)

P[A- /B-] = 0,8471 /0,8474

P[A- /B-] = 0,9996       or    P[A- /B-] = 99,96 %

6 0
3 years ago
Juanita borrowed $600 to purchase a new computer. She was charged 7% interest for two years. How much interest will Juanita pay?
motikmotik
I=prt. I=600(.07)(2). I=42(2). I=84. Juanita will pay $84 interest :)
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3 years ago
Read 2 more answers
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Art [367]

Answer:

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Step-by-step explanation:

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Answer:

A

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slop(m1)=-(cofficient of X/cofficient of y)

them m1 *m2 =-1

then Ans =5/2

6 0
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