$MathMaster logo$

MathMaster

Home
general
a credit card has an interest rate of 23 per annum and charges interest daily calculate the effective annual rate on this

Question

A credit card has an interest rate of 23% per annum and charges interest daily. Calculate the effective annual rate on this card. (if the answer is 10.55%, write it as 0.1055, use four decimal points)

151

likes

757 views

Answer to a math question A credit card has an interest rate of 23% per annum and charges interest daily. Calculate the effective annual rate on this card. (if the answer is 10.55%, write it as 0.1055, use four decimal points)

$Expert avatar$

4.9

115 Answers

0.2585

Frequently asked questions (FAQs)

What is the value of 2 raised to the power of 3, multiplied by 3 raised to the power of 2, divided by 2 raised to the power of 2, all raised to the power of 4?

+

What is the fourth derivative of the function f(x) = 5x^3 - 4x^2 + 2x - 1?

+

Math Question: Find the vertex of the parabola given by the function 𝑦 = 3𝑥^2.

+

New questions in Mathematics

Hey👋🏻 Tap "Create New Task" to send your math problem. One of our experts will start working on it right away!

reduction method 2x-y=13 x+y=-1

The derivative of a power is obtained just by subtracting 1 from the power True or false

The length and breadth of my rectangular vegetable garden is 12,5m and 7,25m respectively. What is the perimeter of the garden?

(5-(4-3)*3)-(8+5))

1. Suppose we have a good whose quantity supplied changed from 100 to 120 units when the price increased from $10 to $12 per unit. Compute the price elasticity of supply using the midpoint method

(2x+5)^3+(x-3)(x+3)

calculate the normal vector of line y = -0.75x + 3

logy/logx + logz/logy + logt/logz = 8x².t x=?

calculate the area in square units of A rectangle with length 6cm and breadth 5cm

Suppose that you use 4.29 g of Iron in the chemical reaction: 2Fe(s) + 3 Cu2 + (aq) 2Fe 3 + (aq) + 3Cu(s ) - . What is the theoretical yield of Cu (s), in grams?

A circular window has a rubber molding around the edge. If the window has a radius of 250 mm, how long is the piece of molding that is required ? (To the nearest mm)

Exercise 1 An ejidal association wishes to determine the distribution for the three different crops that it can plant for the next season on its available 900 hectares. Information on the total available and how many resources are required for each hectare of cultivation is shown in the following tables: Total available resource Water 15,000 m3 Fertilizer 5,000 kg Labor 125 day laborers Requirements per cultivated hectare Corn Soybeans Wheat Water 15 25 20 Fertilizer 5 8 7 Labor** 1/8 1/5 1/4 *The data in fraction means that with one day laborer it will be possible to care for 8, 5 and 4 hectares respectively. * Sales of crops 1 and 3, according to information from the Department of Agriculture, are guaranteed and exceed the capacity of the cooperative. However, soybeans must be limited to a maximum of 150 hectares. On the other hand, the profits for each hectare of crop obtained are estimated at: $7,500 for corn, $8,500 for soybeans and $8,000 for wheat. The objectives are to determine: • How many hectares of each crop must be allocated so that the profit is maximum. R= • The estimated profits for the ejidal cooperative in the next growing season. R=

ind the z-score for which 72% of the distribution's area lies between -z and z. -1.7417, 1.7417 -1.1538, 1.1538 -1.0803, 1.0803 -2.826, 2.826

A psychologist is investigating the levels of test anxiety in various university courses. Anxiety is measured on a scale ranging from 0 to 100, where 0 indicates the complete absence of anxiety and 100 represents an extreme level of anxiety. From the data obtained, it has been discovered that the psychology score is triple that of nursing, and in turn, the latter has a score 10 points lower than the nutrition major. Furthermore, the score in the veterinary degree is 15 points higher than that of nutrition. Finally, if we add the scores of all the races, we will obtain a total of 173 points. Pose the equation that represents the situation described in the previous problem and determine: What is the score that psychology obtained regarding its anxiety level before the exams?

A candy manufacturer must monitor deviations in the amount of sugar in their products They want their products to meet standards. They selected a random sample of 20 candies and found that the sandard deviation of that sample is 1.7. What is the probabilty of finding a sample variance as high or higher if the population variance is actually 3277 Assume the population distribution is normal.

A gas is leaking at 3.5ft3/min in a room of 2.9m by 6.9ft by 15.7m. How long would it take (in seconds) for 22% of the room to reach the LFL, if the gas has a LFL of 2.51%?