<span>Answer:
The credit card issuer will show APR which is 22.08% and not effective rate of interest.
This is because Effective rate, when calculated with the formula given below will come as 24.67% which is 2.59% more and hence will make customers feel that they are paying more.
r = [ { (1+ i / n) ^ (n) } - 1] * 100
Where i = APR/100
n = number of compounding periods which is 365 in this case as compounding is done daily.
[ { (1+ 0.2208 / 365) ^ (365) }- 1] * 100</span>
Answer:
Step-by-step explanation:
3 envelopes having 2 red card
2 envelopes having 1 red card and 1 black card
1 envelope having 2 black cards
We are given that . An envelope is selected at random and a card is withdrawn and found to be red.
So, No. of ways of envelope having red card = 3+2 = 5
No. of required ways of envelope having 1 red card and 1 black card = 2
So, probability of getting an envelope having 1 red card and 1 black card =
Hence The chance the other card is black is
No , when you subtract 564-92= 472 & the other player has a average of 550
The answer to this question is C.
Whole package weighs 20pounds
1.65 = 5pounds
0.12 = extra pound
3.45 - 1.65 = 1.80 : 0.12 = 15pounds
Adding up 15pounds and the first 5 pounds equal 20 pounds
