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)

$Expert avatar$

Miles

4.9

114 Answers

0.2585

Frequently asked questions (FAQs)

What is the equation of the hyperbola with center at (-1,3), vertical transverse axis, foci at (-1,5) and (-1,1), and eccentricity 2.5?

What is the magnitude of the cross product of vectors A and B when A = (3, 2) and B = (-4, 5)?

Question: What are the characteristics of the square root function as it applies to finding the distance from the origin for a given point in a Cartesian coordinate system?

New questions in Mathematics

Students Ana Beatriz and Paula decided to register on a website with exercises to study for upcoming simulations, but to register on this website, they need to choose a password consisting of five characters, three numbers and two letters (capital letters). or lowercase). Letters and numbers can be in any position. They know that the alphabet is made up of twenty-six letters and that an uppercase letter differs from a lowercase letter in a password. What is the total number of possible passwords for registering on this site?

5 . {2/5 + [ (8/-9) - (1/-7) + (-2/5) ] ÷ (2/-5)} . 8/15

Determine all solutions to the inequality |2x + 6| − |x + 1| < 6. Write your final answer in interval notation

A consulting company charges a fee of $50 per hour for consulting. If their monthly fixed costs are $1,000 and they want to make a monthly profit of $2,500, how many consulting hours should they bill per month?

The bus one way of the road which is 10km is heading with speed of 20km/h ,then the bus the other 10km is heading with speed of 60km/h. The middle speed of the road is it equal with arithmetic speed of the v1 and v2 ?

The beta of a company is 1,41 and its cost of equity 18,95%. What is then the market risk premium if the risk free rate is 0,94%? (in %, 2 decimal places)

is the x element (180,270), if tanx-3cotx=2, sinx ?

(5y 9)-(y 7)

5.- From the probabilities: 𝐏(𝐁) = 𝟑𝟎% 𝐏(𝐀 ∩ 𝐁) = 𝟐𝟎% 𝐏(𝐀 ̅) = 𝟕𝟎% You are asked to calculate: 𝐏(𝐀 ∪ 𝐁)

Solve the equation: sin(2x) = 0.35 Where 0° ≤ x ≤ 360°. Give your answers to 1 d.p.

Solve equations by equalization method X-8=-2y 2x+y=7

On+January+10+2023+the+CONSTRUCTORA+DEL+ORIENTE+SAC+company+acquires+land+to+develop+a+real estate+project%2C+which+prev%C3% A9+enable+50+lots+for+commercial+use+valued+in+S%2F+50%2C000.00+each+one%2C+the+company+has+as+a+business+model+generate+ cash+flow+through%C3%A9s+of+the+rental%2C+so+47%2C+of+the+50+enabled+lots+are+planned to lease+47%2C+and+ the+rest+will be%C3%A1n+used+by+the+company+for+management%C3%B3n+and+land+control

We have received our p&l statement back from accounts. The board has asked for an innovation hub. What items should we prioritise reviewing to decide if we can afford an innovation hub?

List the remaining zeros of the polynomial with the given zeros Zeros are: 2, 3i, and 3 + i

Find the area of a triangle ABC when m<C = 14 degrees, a = 5.7 miles, and b = 9.3 miles.

Associate each 2nd degree equation with its respective roots. A) x2+6x+8=0 B)x2-5x-6=0

A person runs 175 yards per minute write a variable that represents the relationship between time and distance

Find the vertex F(x)=x^2-10x

23,456 + 3,451

Find the rule that connects the first number to the second number of each pair. Apply the rule to find the missing number in the third pair. (18 is to 22) (54 is to 26) (9 is to ?)

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)

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)

You might be interested in