A credit card advertises an annual interest rate of 23%.
What is the equivalent monthly interest rate?

Answers

Answer 1

Given:

A credit card advertises an annual interest rate of 23%.

To find:

The equivalent monthly interest rate.

Solution:

We know that,

1 year = 12 months

It is given that, the credit card advertises an annual interest rate of 23%. So, the equivalent monthly interest rate is:

[tex]\dfrac{23\%}{12}=1\dfrac{11}{12}\%[/tex]

[tex]\dfrac{23\%}{12}\approx 1.9167\%[/tex]

Therefore, the equivalent monthly interest rate is [tex]1\dfrac{11}{12}\%[/tex] and the approximate equivalent monthly interest rate is 1.9167%.


Related Questions

You buy a milkshake form a shoppe that only had chocolate, vanilla, and strawberry flavors. Find the probability that your milkshake consists of at least 1 flavor

Answers

Answer:

1:3

Step-by-step explanation:

because you would get 1 of 3 flavours

Terry is building a tool shed with a 90 square foot base and a length that is three more than twice the width. This can be modeled by the equation (2w+15) (w-6)= 0. The length of Terry's tool shed is______ feet.

Answers

Answer:

l = 15 feet

Step-by-step explanation:

l = 2w + 3

First you solve for the width(w)

(2w+15) (w-6) = 0

This means

2w+15=0 OR. w-6=0

First let’s solve 2w+15=0

2w = -15

w = -7.5

Width can’t be negative so that can’t be the answer. So we look at the second equation w-6=0

w= 6

Since we found the width now we can find the length by using the formula l = 2w + 3

= 2(6) + 3

= 12 + 3

= 15 feet

You can check this by using the given area which is 90.

A = lw = 15*6 = 90

Please help explanation if possible

Answers

Answer:

N=18

Step-by-step explanation:

Hope it will help you

If it does pls give me Brainlest

Have a nice day

Answer:

18

Step-by-step explanation:

use the concept of similarity and enlargement.

[tex] \frac{15}{n} = \frac{5}{6 } [/tex]

[tex]n = \frac{15 \times 6}{5} [/tex]

[tex]n = 18[/tex]

Pls if anyone knows the answer that will be greatly appreciated :) question 1 btw

Answers

Answer:

here's the answer to your question

The diameters of ball bearings are distributed normally. The mean diameter is 7373 millimeters and the variance is 44. Find the probability that the diameter of a selected bearing is less than 7676 millimeters. Round your answer to four decimal places.

Answers

Answer:

0.9332

Step-by-step explanation:

We are given that

Mean diameter, [tex]\mu=73[/tex]

Variance, [tex]\sigma^2=4[/tex]

We have to find the probability that the diameter of a selected bearing is less than 76.

Standard deviation, [tex]\sigma=\sqrt{variance}=\sqrt{4}=2[/tex]

[tex]P(x<76)=P(\frac{x-\mu}{\sigma}<\frac{76-73}{2})[/tex]

[tex]P(x<76)=P(Z<\frac{3}{2})[/tex]

Where [tex]Z=\frac{x-\mu}{\sigma}[/tex]

[tex]P(x<76)=P(Z<1.5)[/tex]

[tex]P(x<76)=0.9332[/tex]

Hence, the probability that the diameter of a selected bearing is less than 76=0.9332

The average of two numbers is 5x. If one of the numbers is 2x + 3, find the other number.

Answers

Answer:

8x-3

Step-by-step explanation:

Average of 2 numbers means add the two numbers and divide by 2

(y+z)/2 = 5x

Let z = 2x+3

(y+2x+3)/2 = 5x

Multiply each side by 2

y+2x+3 = 10x

Subtract 2x from each side

y+3 = 10x-2x

y+3 = 8x

Subtract 3

y = 8x-3

The other number is 8x-3

Help with this Area question

Answers

Step 1: Find the area of the rectangle

A = base x height

A = 39 x 20

A = 780

Step 2: Find the area of the semi-circles

---Two semi-circles is the same as one whole circle, so I will be finding the area of one whole circle.

A = pi x r^2

A = pi x 10^2

A = 100pi = 314

Step 3: Find the area of the figure

Area = area of the rectangle - area of the semi-circles

A = 780 - 314

A = 466 cm^2

Hope this helps!

Answer:

466 cm^2

Step-by-step explanation:

This one is done basically the same as the other.

Rectangle = 20 x 39

Circle = (3.14) x 10^2

Rectangle = 780

Circle = 314

rectangle - circle

780 - 314 = 466

If y = ax^2 + bx + c passes through the points (-3,10), (0,1) and (2,15), what is the value of a + b + c?

Answers

Hi there!

[tex]\large\boxed{a + b + c = 6}[/tex]

We can begin by using the point (0, 1).

At the graph's y-intercept, where x = 0, y = 1, so:

1 = a(0)² + b(0) + c

c = 1

We can now utilize the first point given (-3, 10):

10 = a(-3)² + b(-3) + 1

Simplify:

9 = 9a - 3b

Divide all terms by 3:

3 = 3a - b

Rearrange to solve for a variable:

b = 3a - 3

Now, use the other point:

15 = a(2)² + 2(3a - 3) + 1

14 = 4a + 6a - 6

Solve:

20 = 10a

2 = a

Plug this in to solve for b:

b = 3a - 3

b = 3(2) - 3 = 3

Add all solved variables together:

2 + 3 + 1 = 6

What is 0.25% of K2 000?

Answers

[tex]\huge\text{Hey there!}[/tex]

[tex]\large\text{When you hear/see the word of in mathematics, it usually means }\\\large\text{\bf multiplication. }[/tex]

[tex]\large\text{So, when you think of think of the word \underline{of} think of its asking you to}\\\large\text{\bf multiply }[/tex]

[tex]\large\text{Now that we got that run down out of the way lets answer your given}\\\large\text{question}[/tex]

[tex]\large\textsf{0.25\% of 2,000}[/tex]

[tex]\large\textsf{= 0.25\%} \times \large\textsf{2,000}[/tex]

[tex]\large\textsf{0.25\%} = \mathsf{\bf \dfrac{25}{100}}[/tex]

[tex]\mathsf{= \dfrac{25}{100} \times 2,000}[/tex]

[tex]\mathsf{\dfrac{25}{100}= \bf 0.0025}[/tex]

[tex]\large\textsf{= 0.0025} \times \large\textsf{2,000}[/tex]

[tex]\large\text{= \bf 5}[/tex]

[tex]\boxed{\boxed{\huge\text{Therefore, your ANSWER is: \textsf 5}}}\huge\checkmark[/tex]

[tex]\huge\text{Good luck on your assignment \& enjoy your day!}[/tex]

~[tex]\frak{Amphitrite1040:)}[/tex]

Two identical lines are graphed below. How many solutions are there to the system of equations?

A. Two
B. One
C. Zero
D. Infinitely many​

Answers

Answer:

the answer is D. infinitely many

The number of solutions there are to the system of equations is Infinitely many, the correct option is D.

What is the Point-slope form?

The equation of the straight line has its slope and given point.

If we have a non-vertical line that passes through any point(x1, y1) has gradient m. then general point (x, y) must satisfy the equation

y-y₁ = m(x-x₁)

Which is the required equation of a line in a point-slope form.

We are given that;

The two identical lines

Now,

We can find the equations of the two lines by using the slope-intercept form of a line, which is y = mx + b, where m is the slope and b is the y-intercept.

For line 1, we have two points (0,2) and (1,0), so we can find the slope as:

m1 = (0 - 2) / (1 - 0) = -2

Using point-slope form, we can write the equation of line 1 as:

y - 2 = -2(x - 0)

y = -2x + 2

For line 2, we have two points (-1,4) and (2,-2), so we can find the slope as:

m2 = (-2 - 4) / (2 - (-1)) = -2

Using point-slope form, we can write the equation of line 2 as:

y - 4 = -2(x - (-1))

y = -2x + 2

We can see that the two lines have the same slope and the same y-intercept.

Therefore, by the given slope of the line the answer will be infinitely many.

Learn more about slope here:

https://brainly.com/question/2503591

#SPJ7

A chocolate chip cookie manufacturing company recorded the number of chocolate chips in a sample of 60 cookies. The mean is 22.36 and the standard deviation is2.97 . Construct a ​80% confidence interval estimate of the standard deviation of the numbers of chocolate chips in all such cookies.

Answers

Answer:

2.665 < σ < 3.379

Step-by-step explanation:

Given :

s = 2.97

Sample size, n = 60

α = 80%

χ² Critical value (two - tailed), df = (60-1) = 59

χ² = 45.577 ; χ² = 73.279

The 80% confidence interval for the standard deviation :

s * √(n - 1) / χ² critical

2.97 * √(60 - 1) / 73.279 < σ < 2.97 * √(60 - 1) / 45.577

2.665 < σ < 3.379

Calculate the GPA of a student with the following grades: B (77 hours), D (66 hours), F (2020 hours). Note that an A is equivalent to 4.04.0, a B is equivalent to a 3.03.0, a C is equivalent to a 2.02.0, a D is equivalent to a 1.01.0, and an F is equivalent to a 00. Round your answer to two decimal places.

Answers

Answer:

The student's GPA is of 0.82.

Step-by-step explanation:

GPA:

To find the student's GPA, we find his weighed mean.

Grades:

7 hours worth 3(B)

6 hours worth 1(D)

20 hours worth 0(F). So

[tex]M = \frac{7*3 + 6*1 + 20*0}{7+6+20} = 0.82[/tex]

The student's GPA is of 0.82.

What is the minimum perimeter of a rectangle with an area of 625 mm^2

Answers

130 mm^2 your welcome

find the equation of straight line passes through point (3,1) such that the intercept on y-axis exceeds that on the x- axis by 4.



Answers

Answer:

Step-by-step explanation:

Illustrate the 7th pattern of the sequence of square numbers. ​

Answers

1,4,9,16,25,36,49,........

7th pattern =49.....

Answer:

1, 4, 9, 16, 25, 36, 49…................the 7 the pattern is 49

If f(x) = x - 5, what is the value of f(8)? -13 -3 3 13

Answers

Answer:

putting the value of X=8 in f(X)

f(8)= 8-5

f(8)= 3

Answer:

3

Step-by-step explanation:

We must plug in 8 into the equation of the function since f(x) = x - 5 for all values of x. Since 8 could be a value of x, we can plug it in:

[tex]f(8) = 8-5[/tex]

The value of 8 minus 5 is 3, so the value of f(8) is 3.

Help please if you know, thanks

Answers

Answer:

xsqrt(2)

Step-by-step explanation:

sqrt(a) / sqrt(b) = sqrt(a/b)

sqrt(22x^6) / sqrt(11x^4)

sqrt(22x^6/11x^4)

sqrt(2x^2)

We know sqrt(ab) = sqrt(a) sqrt(b)

sqrt(x^2) sqrt(2)

xsqrt(2)

Evaluate the expression for n = –8.

–2n − 6 =

Answers

Answer:

10

Step-by-step explanation:

-2n - 6 = ?let n be -8-2 (-8) - 6 = ?= 10

[tex]\tt{ \green{P} \orange{s} \red{y} \blue{x} \pink{c} \purple{h} \green{i} e}[/tex]

what is the length of GN, given that figure LMNO is a square PLZ HELP!!!!!

Answers

Answer:

A. 4

Step-by-step explanation:

The diagonals are also congruent to each other. Diagonals of a square bisect each other. This implies that:

MO bisects LN, thereby dividing LN into two equal segments, LG and GN.

Thus, LG = GN.

Since the length of LG = 4, therefore:

GN = 4

Use the elimination method to solve this system. − 4 x − 2 y = − 12, 4 x + 8 y = − 24

Answers

Answer:

x = 6; y = -6

Step-by-step explanation:

-4x - 2y = -12

4x + 8y = -24

Add the two equations, so x is eliminated:

6y = -36

6y/6 = -36/6

y = -6

Plug in y, to solve for x

-4x - 2y = -12

-4x - 2(-6) = -12

-4x +12 = -12

-4x = -12 -12

-4x = -24

-4x/-4 = -24/-4

x = 6

Answer from Gauthmath

Books, and then you have 44+45x=?

Answers

Answer:

45x=-44

x=-44/45

Step-by-step explanation:

is this a free question?

Add .003, 265.8, 83.04
and 1972

Answers

Answer: 2.320.843

Explanation: Calculator

Find the dimensions of the rectangle of largest area that can be inscribed in an equilateral triangle of side L if one side of the rectangle lies on the base of the triangle.
base=
height=

Answers

9514 1404 393

Answer:

base: L/2height: L√3/2

Step-by-step explanation:

Let x represent the ratio of the rectangle base to the triangle side length. Then the height of the small triangle above the rectangle will be x times the height of the equilateral triangle. Then the height of the rectangle is (1-x) times the height of the equilateral triangle. The rectangle's area will be ...

  A = bh

  A = (xL)(1-x)(L·√3/2) = (L²√3/2)(x)(1-x)

This graphs as parabola opening downward with x-intercepts at x=0 and x=1. The vertex is on the line of symmetry, halfway between these zeros, at x = 1/2.

The base of the rectangle is L/2.

The height of the rectangle is L√3/2.

_____

The general solution to this sort of problem is that one side of the rectangle is the midsegment of the triangle.

If an 8" X 8" square cake serves 8 people, how many 24" X 24" square cakes are needed for a
wedding attended by 144 people?

Answers

Answer:

2 24" X 24" square cakes are needed.

Step-by-step explanation:

This question is solved by proportions.

Area of a square:

The area of a square of side l is given by:

[tex]A = l^2[/tex]

8" X 8" square cake serves 8 people

Thus:

[tex]A = 8*8 = 64[/tex]

Area of 64 serves 8 people, so for 1 people, an area of 64/8 = 8 is needed.

144 people

The total area needed is:

[tex]A = 144*8 = 1152[/tex]

How many 24" X 24" square cakes?

24*24 = 576

1 cake - 576

x cakes - 1152

Applying cross multiplication:

1152/576 = 2

2 24" X 24" square cakes are needed.

Instructions: Find the missing side. Round your answer to the nearest tenth.
22
58°

Answers

Answer:

x = 19.2

Step-by-step explanation:

tan(58)=x/12

x=12×tan(58)

x=19.2

Answered by GAUTHMATH

give that 1/x+2/y=1/2, express y in terms of x and 2

Answers

9514 1404 393

Answer:

  y = 4x/(x -2)

Step-by-step explanation:

Subtract 1/x

  2/y = 1/2 -1/x

Combine terms

  2/y = (x-2)/(2x)

Cross multiply

  4x = y(x -2)

Divide by the coefficient of y

  y = 4x/(x -2) . . . . simplest

  y = 2^2/(x -2) . . . . in terms of x and 2

If the mean age of the managers in company is 52 years with a standard deviation of 2.5 years, what is the probability that a randomly chosen manager will be between 54.5 and 57 years old

Answers

Answer:

13.5 %

Step-by-step explanation:

For a normal distribution, the Empirical Rule states that 68% of values lie between 1 standard deviation of the mean, 95% of values lie between 2 standard deviations of the mean, and 99.7% of values lie between 3 standard deviations of the mean. Here, we can see that 54.5 is 1 standard deviation away from the mean and 57 is 2 standard deviations away. This means that we want to find the difference between 1 and 2 standard deviations from the mean (in the positive direction)

To find the difference, we can simply find (percent of values 2 standard deviations of the mean) - (percent of values 1 standard deviation from the mean) = percent of values between 1 and 2 standard deviations from the mean

= 95-68 = 27 %

Finally, this gives us the percent of values between 1 and 2 standard deviations from the mean on both sides. We want to only find the positive aspect of this, as we don't care how many values are between 49.5 and 47 years old. Because normal distributions are symmetric, or equal on both sides of the mean, we can simply divide by 2 to eliminate the half we don't want, resulting in 27/2 = 13.5

The probability that a randomly chosen manager will be between 54.5 and 57 years old is 0.8413.

Given that, average age managers = 52 years standard deviation = 2.5 years.

What is standard deviation?

Standard deviation is the positive square root of the variance. Standard deviation is one of the basic methods of statistical analysis. Standard deviation is commonly abbreviated as SD and denoted by 'σ’ and it tells about the value that how much it has deviated from the mean value.

Considering the equation Z =  (X−μ)/σ

Where, X is the lower or higher value, as the case may be μ  is the average σ  is standard deviation

Now, z1= (54.5 - 52)/2.5

= 1

z2= (57 - 52)/2.5

= 2

Now, z2-z1= 2-1

= 1

P(54.5>Z<57)= 0.8413

Therefore, the probability that a randomly chosen manager will be between 54.5 and 57 years old is 0.8413.

Learn more about the standard deviation visit:

brainly.com/question/13905583.

#SPJ2

I need help guys thanks so much

Answers

Answer: C

Step-by-step explanation:

Find hypotenuse,perpendicular and base​

Answers

Answer:

Hypotenuse = XY = 17 cm

Base = YZ = 15 cm

Perpendicular = XZ = 8 cm

Can u please help I got 1 minnnn lefttttt

Answers

Answer:

26 cm

Step-by-step explanation:

P = 2a + 2b

a = side

b = base

Answer:

The area=base×height

=10×4

=40cm^2

perimeter=2(length+breadth)

I think to find the height Dc you use the pythagoras theorem of

Dc^2=de^2+ce^2

=√16+9

=5

therefore the perimeter will be

p=2(5+10)

=20cm

I hope this helps and sorry if it's wrong

Other Questions
A hot air balloon is rising vertically with a velocity of 12.0 feet per second. A very small ball is released from the hot air balloon at the instant when it is 1120 feet above the ground. Use a(t)=32 ft/sec^2 as the acceleration due to gravity.Required:a. How many seconds after its release will the ball strike the ground?b. At what velocity will it hit the ground? During the Tang and Song dynasties, the arts flourished, often referred to as Chinas golden age for the arts. Identify several artistic and innovative achievements of this time. A substance that donates a pair of electrons to form coordinate covalent bond is called How are women affected by the new republic? Given that 3=a+r/a-r,make r the subject of the formula? Identify the group number and generic outer electron configuration for a neutral maingroup element with the following two Lewis dot symbols.X with 1 dot on the top, bottom and rightX with 1 dot on all sides Can someone please help!!! Sec. 12.7 #78 Question 6 a-c if plz show ALL STEPS like LITERALLY EVERYTHING Which of the following statements relating to leptin and the metabolism of lipids is correct. (Select all that apply.) Leptin acts mainly in the brain to stimulate appetite. High levels of leptin are interpreted as overfeeding. Insulin stimulates production of leptin in adipocytes. Leptin is a hormone involved in short-term control of eating behaviour. Higher leptin levels result in a decrease in appetite. Not sure how to do this! Im supposed to find the area of each shape, but the slits in the shapes are confusing me and Im not too sure how to do these problems! Derive the equation of the parabola with a focus at (2,4) and a directrix of y=8 How the amount of acid rain caused by the burning of fossil fuels can be reduced ? plssssssss helpppppppppppp i want it now pls The median age (in years) of the U.S. population over the decades from 1960 through 2010 is given by f(t) = 0.2176t3 + 1.962t2 2.833t + 29.4 (0 t 5) where t is measured in decades, with t = 0 corresponding to 1960.(a) What was the median age of the population in the year 1970?(b) At what rate was the median age of the population changing in the year 1970? (c) Calculate f''(1). Need help with drivers Ed question 5 stages of conselling Como crees que los musicos impactan con su musica 1. The difference between contribution margin and income from operations is___.a. net income. b. variable costs. c. fixed costs. d. one of these choices are correct. 2. A company's operating leverage is computed as:____.a. contribution margin divided by income from operations. b. profit margin divided by net income. c. revenue divided by expenses. d. none of these choices are correct. 3. The __________ is the relative distribution of sales among the products sold by a company. a. sales mix.b. mixed cost.c. product mix.d. none of these choices are correct.4. The unit selling price of the overall enterprise product equals the____.a. average selling price of the products. b. price of the highest-selling product in the mix. c. sum of the unit selling prices of each product multiplied by its sales mix percentage. d. price of the product with the lowest selling price. what are the examples of facultative carnivores? Which of the following is not true about Triton, the large moon of Neptune? It is more reflective than Earth's Moon. It is larger than Earth's Moon. It is in a retrograde orbit. It has a thin atmosphere. It has nitrogen geysers.