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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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Vector MN is comprised of the points M(8,-4) and N(-7,-2).
Ksenya-84 [330]

Answer:

22/65/53 +r 76 = 228594

Step-by-step explanation:

First 22/65/53+r 76 = 228594

3 0
3 years ago
Solve for |2x + 4|-1=7
Rudik [331]

Answer:

x = - 6 or x = 2

Step-by-step explanation:

The absolute value function always returns a positive value. However, the expression inside can be positive or negative.

Given

| 2x + 4 | - 1 = 7 ( add 1 to both sides )

| 2x + 4 | = 8, thus

2x + 4 = 8 ( subtract 4 from both sides )

2x = 4 ( divide both sides by 2 )

x = 2

OR

-(2x + 4) = 8

- 2x - 4 = 8 ( add 4 to both sides )

- 2x = 12 ( divide both sides by - 2 )

x = - 6

As a check

Substitute these values into the left side of the equation and if equal to the right side then they are the solutions.

x = 2 → | 4 + 4 | - 1 = | 8 | - 1 = 8 - 1 = 7 ← True

x = - 6 → | - 12 + 4 | - 1 = | - 8 | - 1 = 8 - 1 = 7 ← True

Hence the solutions are x = - 6 or x = 2

6 0
3 years ago
A plane flies at a steady rate of 40 mph while a second plane flies at a steady rate of 100 mph. The planes are 200 miles apart
malfutka [58]

Answer:

The time the two planes will meet is 1.43 hours

Step-by-step explanation:

Given;

speed of the first plane in positive direction, = 40 mph

speed of the second plane in negative direction(opposite direction) = -100 mph

distance between the two planes = 200 miles

Let the time the two planes will meet = t

the position of the first plane at this time "t" = 40t

the position of the second plane at this time "t" = -100t

(40t)>--------------------------------<(-100t), this space between them is 200 miles.

Thus, the difference in the distance they traveled before meeting should be equal to 200 miles.

40t - (-100t) = 200

40t + 100t = 200

140t = 200

t = 200 / 140

t = 1.43 hours

Therefore, the time the two planes will meet is 1.43 hours

6 0
3 years ago
There are several sets of different numbers which can be chosen from {0,1,2,3,4,5,6,7,8,9}. How many of these sets contain any 2
Leokris [45]

Answer:

90

Step-by-step explanation:

it is 90 because in the first slot there can be any 10 numbers and in the second slot the set can contain any of the remaining 9 numbers and then we can multiply these two numbers together to find the total amount of sets.

hope this helps :)

4 0
3 years ago
Read 2 more answers
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MA_775_DIABLO [31]

Answer:

Step-by-step explanation:

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