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ioda
2 years ago
6

Arnold’s credit card had an APR of 14.18% all of last year, and interest was compounded periodically throughout the year. Which

of these statements accurately describes the effective interest rate of Arnold’s credit card last year?
Mathematics
2 answers:
slamgirl [31]2 years ago
8 0

Answer:

Where are the statements provided? I can help you once they are posted.

Step-by-step explanation:


ludmilkaskok [199]2 years ago
7 0

Answer:

APEX - It was greater than 14.18% whether interest was compounded daily or monthly.

Step-by-step explanation:

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There are a total of 9 dogs
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2 years ago
What interest will be earned if $6300 is invested for 3 years at 12% compounded monthly?  Write your answer rounded to the neare
Butoxors [25]
Answer:
Interest earned = 2713.8

Explanation:
We will solve this problem on two steps:
1- get the final amount after three years
2- get the interest earned by subtracting the initial amount from the final one.

1- getting the final amount after 3 years:
The formula that we will use is as follows:
A = P (1 + r/n)^(nt)
where:
A is the final amount we want to calculate
P is the initial amount = 6300
r is the interest = 0.12
n is the number of compounds per year =12
t is time in years = 3

Substitute to get the final amount:
A = P (1 + r/n)^(nt)
A = 6300 (1 + 0.12/12) ^ (12*3)
A = 9013.8

2- getting the interest earned:
Interest earned = final amount - initial amount
Interest earned = 9013.8 - 6300
Interest earned = 2713.8

Hope this helps :)
7 0
1 year ago
Read 2 more answers
A cylinder has a base area of 28.2 m2 and a height of 3.1 m. Estimate the volume of the cylinder. A) 31 m3 B) 31 m2 Eliminate C)
Irina18 [472]
The answer can't be C or D because the unit of volume is always cubed. The formula for volume of cylinder is (pi)(r^2)(h) . The pi(r^2) part is the formula for area of a circle which is what the base of the cylinder is. Fortunately the area is already given as 28.2. Plug that into the volume formula and plug in 3.1 for the height and multiply. I get 87.42 and the answer choice B seems to be the closest option
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2 years ago
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Answer: Anna could buy 5 sweatshirts for $75.

Step-by-step explanation:

lets figure out the price of one sweatshirt.

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so 5 sweatshirts cost $75

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1 year ago
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Answer: 13% increase?

Step-by-step explanation: 19-6=13 which means it would be 1.13 the original amount?

7 0
1 year ago
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