admin

2 months ago

Guest #3665

2 months ago

The **effective **interest rate, also known as the **effective annual **interest rate, annual **equivalent **rate, or simply effective rate. The **card **which **offers **a **better deal **to the **customer **is **Credit card A.**

The **effective **interest rate, also known as the **effective annual **interest rate, annual **equivalent **rate, or simply effective rate, is the **interest **rate on a loan or **financial product **that is **restated **from the nominal interest rate and expressed as the **equivalent interest **rate if **compound **interest was **payable annually **in arrears. It is calculated by the formula,

EIR = [1+(i/n)]ⁿ - 1

The **effective **rate of **interest **on Credit **Card A** is,

Effective rate = [1+(i/n)]ⁿ - 1 = [1+(0.2729/12)]¹² - 1 = 30.97%

The **effective **rate of **interest **on Credit **Card B **is,

Effective rate = [1+(i/n)]ⁿ - 1 = [1+(0.2712/365)]³⁶⁵ - 1 = 31.14%

Since the **effective rate **of Credit card A is less than credit card B, therefore, the **card **which **offers **a **better deal **to the **customer **is **Credit card A.**

Learn more about **Effective Interest Rates:**

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Guest #3666

2 months ago

Credit card A, because it's effective interest rate is about o.16% less than that of credit card B.

Question

Daisy is cooking pasta. The recipe says she needs 480 grams of pasta for 4 people. How many kilograms will she need for 14?

Solution 1

480 grams of pasta = 480 grams x (1 kilogram / 1,000 grams) = 0.48 kilograms

Rule of three:

Pasta People

(kilograms)

0.48 → 4

x ← 14

x=(14 * 0.48)/4

x=1.68

Answer: She will need 1.68 kilograms of pasta for 14 people

Rule of three:

Pasta People

(kilograms)

0.48 → 4

x ← 14

x=(14 * 0.48)/4

x=1.68

Answer: She will need 1.68 kilograms of pasta for 14 people

Solution 2

**Answer:**

1.68 kilo grams are required for 14 people.

**Step-by-step explanation:**

First of all the answer is required in kilo grams and the data given is in grams.

Lets convert the given value to kilo grams;

480 grams = 0.48 kilo grams

If 0.48 kilo grams are required to cater 4 people then how many kilo grams are required to cater 14 people?

⇒ kilo grams

**1.68 kilo grams.**

Question

What is -1/2x+1=9 with work shown.

Solution 1

Question

Kelly estimates it will take her 35 minutes to make the punch and 45 minutes to set up. Will Kelly finish before the guests arrive if she starts at 11:45 a.m? Explain your answer. (Kelly's guests will arrive at 1:30)

Solution 1

Kelly will have enough time to finish before the guests arrive because 45+35 = 1 hour and 10 mins, which adds that with 11:45, it would be 12:55 when she finishes. Making it possible.

Question

The mean age of swimmers are all of these is 10 what does a large mad tell you

Solution 1

A large MAD (mean absolute deviation) tells us that there is a lot of variation in the ages of the swimmers. It tells us specifically that there are a lot of swimmers that are not close the to the age of 10 (which is the mean).

Question

steph has 5 1/4 pounds of rice.she wants to place 1/4 pound of rice in each plastic bag.how many bags will she need?

Solution 1

Total amount of rice = 5 1/4

total amount of rice in one bag = 1/4

Number of bags needed = 5 1/4 ÷ 1/4 = 21/4 ÷ 1/4 = 21/4 x 4 = 21 bags

**Answer: 21 bags.**

total amount of rice in one bag = 1/4

Number of bags needed = 5 1/4 ÷ 1/4 = 21/4 ÷ 1/4 = 21/4 x 4 = 21 bags

Question

What is the value of the underlined digit of 2 in 0.812

Solution 1

Value of 2 in 0.812 = 0.002

**Answer: 0.002**

Question

How do I find the hypotenuse of a triangle when given 90 degrees and one side length?

Solution 1

You need one more fact either an angle or a side in order to be able to answer. I take it you have neither. But there must be something more you can tell us from the question. List the question exactly as it is asked with a diagram if necessary. I'll follow and use either comments or I'll edit.

The direct answer to your question is that you can't.

The direct answer to your question is that you can't.

Question

A display that shows how the values in a data set are distributed

Solution 1

**Answer: Line Plot**

**Step-by-step explanation: A line plot is a display that shows how the values in a data set are distributed.**

Solution 2

Answer: histogram

Step-by-step explanation:

Question

Tyler bought a large bag of peanuts at a baseball game. Is it more reasonable to say that the mass of the peanuts is 1 gram or 1 kilogram?

Solution 1

Would you want only 1 gram of peanuts?

Or one Pound of peanuts? or kilograms

1 Kilo

Or one Pound of peanuts? or kilograms

1 Kilo

Question

Explain why a square is always a rectangle but a rectangle is not always a square.

Solution 1

A rectangle is a plane figure with four straight sides and four right angles. A square is a plane figure with four equal straight sides and four right angles.

therefore, because a square has 4 straight sides with 4 right angles, it is a rectangle.

and a rectangle can have unequal adjacent sides, so it is not always a square

therefore, because a square has 4 straight sides with 4 right angles, it is a rectangle.

and a rectangle can have unequal adjacent sides, so it is not always a square

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