adrianaamador393
adrianaamador393 adrianaamador393
  • 02-05-2019
  • Mathematics
contestada

shelby's monthly periodic rate is 1.95%. what is the APR?

Respuesta :

NicoleLimaaa
NicoleLimaaa NicoleLimaaa
  • 02-05-2019

Monthly periodic rate = 1.95%

The APR is the annual periodic rate

The annual periodic rate is the monthly rate multiplied by 12, because there are 12 months in a year

APR = monthly periodic rate X number of months in a year

= 1.95% X 12

= 23.4%

Answer Link

Otras preguntas

A teacher is choosing 4 students from a class of 30 to represent the class at a science fair. In how many ways can the teacher choose the students?
What is the value of three in 34,525
word form for 600,000+80,000+10
At summer camp the ratio of boys to girls was 7:2 If there were 21 boys how many girls were there?
what number is 1,000,000 greater than 337,676
word form for 600,000+80,000+10
There are 35 boys in sixth grade. The number of girls in the sixth grade is 42. Lonnie says that means the ratio of number of boys in the sixth grade to number
Spain has coastline on which of the following sides?a.northernc.southernb.easternd.all of the above
If 2x+ 3y = 55 and 4x= y+ 47, find x − y. Can you please explain with some details?
Express as a unit rate: 2400 miles in 48 hours.