Mathematics: Using a calculator and the formula, calculate the apr. choose the correct answer. sam seller offers credit at 16% interest per year.

Using a calculator and the formula, calculate the

Ответ:

gjeaneasley

10.01.2022

Mathematics

R=(1+i/m)^m)-1=(1+0.16÷12)^(12))-1)*100=17.23%

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Ответ:

jay5134

10.01.2022

Mathematics

The APR is approximately 17.23 %.

Step-by-step explanation:

Since, the APR is,

$r=(1+\frac{i}{n})^n-1$

Where, i is the nominal rate,

n is the number of periods,

Since, For a credit card, n = 12,

Here, i = 16 % = 0.16,

Thus, the APR would be,

$r=(1+\frac{0.16}{12})^{12}-1$

=0.172270798259

$=17.2270798259\%$

$\approx 17.23\%$

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Ответ:

joho38

31.01.2021

Mathematics

So assumng 12=100 percent
12=100
27=x%
subtract
27-12=15
find what percent of 12=15
15> 12 so 15 is >100% of 12
remember that there is a 100% there
15-12=3
find what percent 3 is of 12
3/12=1/4=25%
so 25+100=125

27 is 125% more than 12

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Using a calculator and the formula, calculate the apr. choose the correct answer. sam seller offers credit at 16% interest per year.

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