1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.



You might be interested in
Can I get help on 1-8 please
Svetllana [295]

Answer:

1.) 1/2x

2.) 3a

3.) <10

4.) 8/p

5.) =0

6.) =0.25

7.) x-6=4.5

8.) y/8=3.2

Step-by-step explanation:

For #1 all you have to do is add them together. For #2 it is the same thing. For #3 all you need to do is use the less then (<) symbol with a 10 behind it. For #4 quotient means to divide so all you need to do is put a division symbol between the two factors. For #5 all you have to do is substitute 1.5 for the letter A and subtract them. For #6 all the do is substitute 2.25 for b because you convert the fraction to a decimal which is 25/100 which equals .25 then you divide the two numbers. For #7 the difference mean to subtract so you put x-6 instead of the difference between x and 6, then it equals 4.5 because you convert the fraction which would be 50/100 which equals .50. For #8 all you do is flip the word quotient the a division symbol because quotient means to divide.

5 0
3 years ago
(x + 6): x= 5:2 Work out the value of x.​
Dvinal [7]

Answer:

x is 4

Step-by-step explanation:

{ \bf{(x + 6) : x = 5 :2 }} \\  { \tt{ \frac{(x + 6)}{x}  =  \frac{5}{2} }} \\  \\ { \tt{5x = 2(x + 6)}} \\   { \tt{5x = 2x + 12}} \\ { \tt{3x = 12}} \\ { \tt{x = 4}}

5 0
3 years ago
Read 2 more answers
Suzie's Slushes has increasing profits each week during the hot summer months. Suzie finds that each week during the summer her
olchik [2.2K]

Answer: 1856.10

Step-by-step explanation:

7 0
3 years ago
8<br> m_AHI = 13x +9, mZGHI = 137°,<br> and mZGHA = 8x + 2. Find x.<br> H<br> G
777dan777 [17]

Answer:

x = 6

Step-by-step explanation:

<GHA + <AHI = <GHI

(8x + 2) + (13x + 9) = 137

8x + 13x + 2 + 9 = 137

21x= 137 - 11

x = 126/21

x = 6

3 0
2 years ago
Bentuk selimut tabung berupa
Murljashka [212]
What in the world is this language talking abaut?
3 0
3 years ago
Other questions:
  • Christian sold tickets to game. Good seats were $5 each poor seats cost $2 each. 210 people attended and paid $660. Write a syst
    9·1 answer
  • What is 9 hours and 40 minutes before 4:25
    15·1 answer
  • How do you do this question?
    8·1 answer
  • I have no idea how to even begin with this
    12·1 answer
  • On a coordinate plane, a triangle has points (negative 5, 1), (2, 1), (2, negative 1).
    9·2 answers
  • If you scale an object with a scale factor greater than one it will get bigger.
    5·1 answer
  • Answers for both boxes please ​
    11·1 answer
  • Write an equation in standard form of the line that passes through the given point and has the given slope (-8,0); m= -4 PLEASE
    10·2 answers
  • Aadya is building towers by stacking identically shaped cubes of different colors on top of each other. She has $1$ red cube, $2
    12·1 answer
  • In line 17, "ran" most nearly means
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!