A credit card had an APR of 15.98% all of last year, and compounded interest daily. What was the credit card's effective interest rate last year?


A.

17.32%


B.

17.20%


C.

16.96%


D.

16.62%

Answers

Answer 1

Answer:

Option(B) is the correct answer to the given question.

Step by Step Explanation

We know that

[tex]A\ =\ P \ *(\ 1+\ \frac{r}{n} \ ) ^{nt}[/tex]

Here A=amount

r=15.98%=0.1598

n=365

t=1

Putting these values into the equation

[tex]A\ =\ P \ *(\ 1+\ \frac{0.1598}{365} \ ) ^{365}[/tex]

[tex]A\ =\ P \ *(\ 1+\ 0.000437) ^\ { 365}[/tex]

[tex]A\ =\ P \ *(\ 1.000437 ) ^{365}[/tex]

[tex]A\ =1.17288 P[/tex]

Now we find the interest

I=[tex]1.17288P\ -P\\=\ 0.17288P\\\ ~ 0.1720P[/tex]

Therefore effective interest rate of the last year can be determined by

[tex]\frac{0.1720P}{P}[/tex]

=0.1720 *100

=17.20%

Answer 2

Answer:

17.32%

Step-by-step explanation:


Related Questions

If f(x) = 4 – x2 and g(x) = 6x, which expression is equivalent to (9-1(3)?

Answers

Answer:

( g − f ) ( 3 ) = 23

Step-by-step explanation:

(g-f)(x)=g(x)-f(x)

=6x-(4-X(2))

=x(2)+6x-4

to evaluate (g-f) (#) substitute x=3 into (g-f)(x)

(g-f)=(9)+(6 x 3) -4=23

Distribute and simplify these radicals. square root of 60

Answers

Answer:

2 sqrt(15)

Step-by-step explanation:

sqrt(60) = sqrt(4*15) = 2 sqrt(15)

The vertex of this parabola is at (-2,-3). When the x-value is -1, the y-value is -5. What is the coefficient of the squared expression in the parabola’s equation? A. 8 B. -8 C. -2 D. 2

Answers

Answer:

Option C is correct

Step-by-step explanation:

Given: vertex of this parabola is at (-2,-3)

To find: coefficient of the squared expression in the parabola’s equation if the x-value is -1, the y-value is -5

Solution:

The equation of parabola is of the form [tex]y=a(x-h)^2+k[/tex]

Here, a is the coefficient of the squared expression in the parabola’s equation.

Put [tex](h,k)=(-2,-3)\,,\,(x,y)=(-1,-5)[/tex]

[tex]-5=a(-1+2)^2-3\\-5+3=a(1)^2\\-2=a\\a=-2[/tex]

So, the coefficient of the squared expression in the parabola’s equation is [tex]-2[/tex]

A company that manufactures video cameras produces a basic model and a deluxe model. Over the past year, 41% of the cameras sold have been of the basic model. Of those buying the basic model, 31% purchase an extended warranty, whereas 48% of all deluxe purchasers do so. If you learn that a randomly selected purchaser has an extended warranty, how likely is it that he or she has a basic model

Answers

Answer:

[tex]75.6\%[/tex]

Step-by-step explanation:

Let B be the event of buying a basic model.

Given that P(B) = 41%

Let D be the event of buying a basic model.

Given that P(D) = 1 - 41% = 59%

Let E be the event of extended warranty.

Given that:

P(E [tex]\cap[/tex] B) = 31% and

P(E [tex]\cap[/tex] D) = 48%

P(E) = P(E [tex]\cap[/tex] B) [tex]\times[/tex] P(B) + P(E [tex]\cap[/tex] D) [tex]\times[/tex] P(D)

P(E) = 31% [tex]\times[/tex] 41% + 48% [tex]\times[/tex] 59% = 0.4103

To find: P(B/E)

Formula:

[tex]P(B/E) = \dfrac{P(E \cap B)}{P(E)}[/tex]

[tex]\Rightarrow \dfrac{0.31}{0.41}\\\Rightarrow 0.756\\\Rightarrow 75.6\%[/tex]

So, the correct answer is [tex]75.6\%[/tex].

p(x) is a polynomial with integer coefficients and p(-3) = 0. Which statements must be true? Choose all that apply. x - 3 is a factor of the polynomial. -3 is the constant term of the polynomial. p( x) can have at most 3 linear factors. x + 3 is a factor of the polynomial.

Answers

Answer:

yes all that apply to this q9

PLEASE HELP !!

Problem:
Find P(3).

Answers:
1/6
1/8
3/6
1

Answers

Answer:

The probability of spinning a 3 out of the 6 options is 1/6.

Answer: 1/6

Step-by-step explanation:

Im assuming the p stands for probability. There is a total of 6 slices, the 3rd slice takes up 1/6th of the circle

If f(x)=x³-2x², which expression equivalent to f(i)?

Answers

Answer:

f(x) = x³ - 2x²

=>

f(i) = i³- 2i²

Hope this helps!

:)

What is the value of p ?????

Answers

Answer:

d) 50

Step-by-step explanation:

40 + 90 + p = 180

p = 50

Help me please and thanks

Answers

Hey there! :)

Answer:

B.

Step-by-step explanation:

To find the solution to the inequality, we can begin by solving for 'x':

2x + 1 ≥ 3

Subtract 1 from both sides:

2x ≥ 2

Divide both sides by 2:

x ≥ 1.

This means that the graph must contain all values of x greater or equal to one. The only number line that shows solutions greater than 1 is B.

The number of hours per week that the television is turned on is determined for each family in a sample. The mean of the data is 38 hours and the median is 34.2 hours. Twenty-four of the families in the sample turned on the television for 23 hours or less for the week. The 14th percentile of the data is 23 hours. Step 2 of 5 : Approximately how many families are in the sample? Round your answer to the nearest integer.

Answers

Answer:

There are approximately 171 families in the sample.

Step-by-step explanation:

Percentile meaning:

When a value V is said to be in the xth percentile of a set, x% of the values in the set are lower than V and (100-x)% of the values in the set are higher than V.

Twenty-four of the families in the sample turned on the television for 23 hours or less for the week. The 14th percentile of the data is 23 hours.

This means that 24 is 14% of the total number of families.

Approximately how many families are in the sample?

Using a rule of three.

24 - 0.14

x - 1

0.14x = 24

x = 24/0.14

x = 171.4

Rounding to the nearest integer

There are approximately 171 families in the sample.

The list of ordered pairs below represents a relation. {(−6,10),(−5,4),(−1,−9),(9,−4)} Find the range of the relation.

Answers

Answer:

The range is simply all the y values of the ordered pairs in the relation so the answer (in increasing order) is -9, -4, 4, 10.

Which number best represents the location of the point on the line?
X
-4.44
-T
11
3
_V17
RETRY

Answers

Answer:

- 11 over 3 Just did it on edg 2021

Simplify (1+√3) (2-√3).

Answers

Answer:

[tex] \sqrt{3} - 1[/tex]

Step-by-step explanation:

[tex](1 + \sqrt{3} )(2 - \sqrt{3} ) \\ 2 - \sqrt{3} + 2 \sqrt{3} - 3 \\ = \sqrt{3} - 1[/tex]

Q 4.6: In a survey of 1,000 adults living in a big city, 540 participants said that they prefer to get news from the Internet, 330 prefer to watch news on TV, and 130 are rarely interested in the current news. We want to test if the proportion of people getting the news from the Internet is more than 50%. By generating the randomization distribution, we find that the p-value is 0.0057. Choose the correct statement interpreting the p-value.

Answers

Answer:

Option E is correct.

Step-by-step explanation:

In a survey of 1,000 adults living in a big city, 540 participants said that they prefer to get news from the Internet, 330 prefer to watch news on TV, and 130 are rarely interested in the current news. We want to test if the proportion of people getting the news from the Internet is more than 50%. By generating the randomization distribution, we find that the p-value is 0.0057. Choose the correct statement interpreting the p-value.

A.If the proportion of people getting the news from the Internet is not equal to 0.5 then there is a 0.0057 chance of seeing the sample proportion as extreme as the survey results.

B. If the proportion of people getting the news from the Internet is not equal to 0.54 then there is a 0.0057 chance of seeing the sample proportion as extreme as the survey results.

C. If the proportion of people getting the news from the Internet is equal to 0.54 then there is a 0.0057 chance of seeing the sample proportion less extreme compared to the survey results. р

D. If the proportion of people getting the news from the Internet is equal to 0.54 then there is a 0.0057 chance of seeing the sample proportion as extreme as the survey results.

E. If the proportion of people getting the news from the Internet is equal to 0.5 then there is a 0.0057 chance of seeing the sample proportion as extreme as the survey results.

The correct interpretation of P value will be:

if the proportion of people getting the news from internet is equal to 0.5 then there is a 0.0057 chance of seeing the sample proportion as extreme as survey results.

Option E is correct.

Ania kupiła w księgarni dwie książki i zapłaciła 37,20, a jurek za swoje zapłacił trzy razy więcej. Ile zapłacił jurek

Answers

Answer:

111.60

Question:

Ania bought two books in a bookstore and paid 37.20, and Jurek paid three times more for his. How much did Jurek pay?

Step-by-step explanation:

This is a question on multiplying decimals by natural numbers.

Number if books bought by Ania = 2

Cost for the two books = 37.20

Jurek paid = 3 times the amount Ania paid

Amount Jurek paid = 3×37.20

To multiply decimals with whole numbers, first multiply without the decimals

3×3720 = 11160

3 has no decimal place

37.20 has 2 decimal place

Therefore the answer would be in two decimal place = 111.60

So 3× 37.2= 111.60

Please answer this correctly

Answers

Answer:

Set the height of the bar to 5

Step-by-step explanation:

Since there are 5 quantities between 20-29, So set the height up to 5

please help!! Select the two reasons which fit best in lines 1 and 2 of the proof (given and details in photo)

A: 1.) Vertical Angles are congruent
2.) SSS Congruence Postulate
B: 1.) Definition of Angle Bisectors
2.) SAS Congruence Postulate
C: 1.) Vertical Angles are congruent
2.) AAS Congruence Postulate
D. 1.) Vertical Angles are congruent
2.) SAS Congruence Postulate

Answers

Answer:

D

Step-by-step explanation:

Line 1: Since these angles are vertical, they are congruent

Line 2: We have 2 sides and an angle in between them so it is SAS

This means the answer is D.

Answer: The correct answer is this set:

1.) Vertical Angles are congruent

2.) SAS Congruence Postulate

NEED THE ANSWER PLS TIMER
Angela was given this expression to simplify. Negative 2 (2 x + 1) minus 3 (x + 3). Consider her steps in simplifying: 1. Negative 2 (2 x) + (negative 2) (1) + negative 3 (x) + (negative 3) (3). 2. Negative 4 x + negative 2 + negative 3 x + negative 9. 3. Negative 7 x minus 11.

Which statements are true about the steps Angela used? Check all that apply.

In step 1, she distributed –2 through the parentheses.

In step 1, she distributed 3 through the parentheses.

In step 2, she added the factor to the value inside the parentheses.

In step 2, she multiplied the factor to the value inside the parentheses.

In step 3, she combined like terms.

Answers

9514 1404 393

Answer:

In step 1, she distributed –2 through the parentheses.In step 1, she distributed 3 through the parentheses.In step 2, she multiplied the factor to the value inside the parentheses.In step 3, she combined like terms.

Step-by-step explanation:

In step 1 Angela used the distributive property to eliminate both sets of parentheses. In step 2, she found each of the products she indicated in step 1. In step 3, she combined like terms.

Answer:

the answer is a,d,e

Step-by-step explanation:

The price of a visit to the dentist is $50. If the dentist fills any cavities, an additional charge of $100 per cavity
gets added to the bill.

Answers

Answer:

Cost of visit = 50 + 100n

Step-by-step explanation:

$50 is the set price of the visit.

$100 is the cost per cavity.

N is the number of cavities.

Since we don't know the number of cavities, 'n' will fill that spot.

100 x n will be the total cavity cost.

Cavity cost + set price of visit will equal the total cost of the visit.

Oliver had $43 on the day before his birthday. After he received some money for his birthday, he had $68. Write an equation to find how much money Oliver received for his birthday.

Answers

Answer:

$25

Step-by-step explanation

If oliver had $43 before his birthday he was given (+) an amount of money, in order to find out  how much money was given you need to reverse the equation (-) $68-$43= $25

Triangle JKL was dilated using the rule D Subscript M, one-third. The image, triangle J'K'L', is the result of the dilation. Point M is the center of dilation. Triangle J K L is dilated to form smaller triangle J prime K prime L prime. The length of M L prime is 2.5. What is L'L? 5 units 7.5 units 10 units 12.5 units

Answers

Answer: the answer is A 5 units

The length of L'L in the dilated figure is 5 units.

What is transformation?

Transformation is the movement of a point from its initial location to a new location. Types of transformation are rotation, translation, reflection and dilation.

Dilation is the increase or decrease in size of a figure.

Triangle JKL was dilated by 1/3 with M as the center of dilation to form J'K'L'.

Given that ML' = 2.5 units, hence:

L'L = (2.5 * 3) - 2.5 = 5 units

The length of L'L in the dilated figure is 5 units.

Find out more on transformation at: https://brainly.com/question/1620969

The area of a circle is 497 squared meters.
What is the radius, in meters?

Answers

Answer: r= 12.58m

Step-by-step explanation:

100% SURE

A rhombus is a quadrilateral with four congruent sides. The perimeter of rhombus WXYZ is less than 32 inches. Which inequality can be used to find all possible side lengths, s, for rhombus WXYZ? s squared greater-than 32 s squared less-than 32 4 s less-than 32 4 s greater-than 32

Answers

Answer:

4s< 32

Step-by-step explanation:

Congruent sides mean they are all the same length

Let the length be s

Perimeter means add the sides

s+s+s+s < 32

4s< 32

Answer:

4s>32

Step-by-step explanation:

your welcome dears

Classify the following triangle. Check all that apply.
35°
10.1
7
102"
6
O A. Isosceles
O B. Equilateral
O c. Obtuse
O D. Right
O E. Scalene
F. Acute

Answers

Answer: obtuse and scalene

Step-by-step explanation:

Answer:

Obtuse And Scalene

Step-by-step explanation:

trust me!

Please help thank you

Answers

Answer:

8000

Step-by-step explanation:

It's the only number missing from the answer to arrive at the answer itself :)

Answer:

8,000

Step-by-step explanation:

70 + x + 8 + 800,000,000 = 800,008,078    Add on the left side

800,000,078 + x = 800,008,078

-800,000,078        - 800,000,078     Subtract 800,000,078 from both sides

x = 8,000

Omar has three t shirts: one red, one green and one yellow. He has two pairs of shorts one black and red.
-How many different outfits can Omar put together?
-What is the probability of Omar’s outfits including a red T-shirt or red shorts?

Answers

Answer:

Omar can put together 6 outfits.

66.67% probability of Omar’s outfits including a red T-shirt or red shorts

Step-by-step explanation:

A probability is the number of desired outcomes divided by the number of total outcomes.

-How many different outfits can Omar put together?

For each t-shirt, that are two options of shorts.

There are 3 t-shirts.

3*2 = 6

Omar can put together 6 outfits.

What is the probability of Omar’s outfits including a red T-shirt or red shorts?

Red t-shirt and red shorts

Red t-shirt and black shorts

Green shirt and red shorts

Yellow shirt and red shorts

4 desired outcomes.

4/6 = 0.6667

66.67% probability of Omar’s outfits including a red T-shirt or red shorts

Lindsay needs to make some house repairs in four years that will cost $8,000. She has some money in an account earning 8% annual interest. How much money needs to be in the account today so she will have enough to pay for the repairs

Answers

Answer:

$5,882

Step-by-step explanation:

To calculate the money Lindsay needs today, you can use the following formula to calculate the present value:

PV=FV/(1+i)^n

PV= present value

FV= future value= $8,000

i= interest rate= 8%

n= number of periods= 4

PV= 8,000/(1+0.08)^4

PV=8,000/1.08^4

PV=8,000/1.36

PV= 5,882

According to this, Lindsay will need to have $5,882 in the account today so she will have enough to pay for the repairs in four years.

Let f(x)=−9x+1. Match the function with the description.

The graph of g is a reflection in the y-axis of the graph of f.
The graph of g is a reflection in the x-axis of the graph of f.
The graph of g is a horizontal translation 16 units right of the graph of f.
The graph of g is a vertical translation 16 units down of the graph of f.

Answers

Answer:

I guess that we want to find the function g(x) for the 4 cases.

first, f(x) = -9*x + 1.

a) The graph of g is a reflection in the y-axis of the graph of f.

First remember: if we have the point (x,y) and we reflect it over the y-axis, we get (-x,y)

then g(x) = f(-x) = -9*-x + 1 = 9*x + 1.

b) The graph of g is a reflection in the x-axis of the graph of f.

if we have a point (x, y) and we reflect it over the x-axis, the point transforms into (x, -y)

then we have: g(x) = -f(x) = 9*x - 1

c) The graph of g is a horizontal translation 16 units right of the graph of f.

When we want to have a translation in the x-axis, we must change x by x - A.

If A is positive, this transformation moves the graph by A units to the right, in this case, A = 16.

g(x) = f(x - 16) = -9*(x - 16) + 1

d) The graph of g is a vertical translation 16 units down of the graph of f.

For vertical translations, if we want to move the graph by A units down (A positive) we should do y = f(x) - A

In this case, A = 16.

then: g(x) = f(x) - 16 = -9*x + 1 - 16 = -9*x - 15.

Entrance to a prestigious MBA program in India is determined by a national test where only the top 10% of the examinees are admitted to the program. Suppose it is known that the scores on this test are normally distributed with a mean of 420 and a standard deviation of 80. Parul Monga is trying desperately to get into this program. What is the minimum score that she must earn to get admitted?

Answers

Answer:

The minimum score that she must earn to get admitted is 523.

Step-by-step explanation:

As the scores are normally distributed, we can calculate the probability using the z-score.

The distribution has a mean of 420 and a standard deviation of 80.

We have to calculate the z-score z* that satisfies:

[tex]P(z>z^*)=0.1[/tex]

This happens for z*=1.28155.

Then, we can calculate the score as:

[tex]X=\mu+z\cdot\sigma=420+1.28155\cdot 80=420+102.524=522.524[/tex]

PLEASE ANSWER THIS , I WILL MAKE U BRAINLIEST IF RIGHT

Answers

Answer:

hope this helps you

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