What interest rate will save you the most money if you carry a balance on a loan from one month to the next?

A. Simple interest rate

B. Effective rate

C. Compound interest rate

D. Annual percentage yield

Answers

Answer 1

The interest rate which will save the most money if the balance on a loan from one month to the next is carried is the compound interest rate.

What is compound interest?

Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.

The formula for the final amount with the compound interest formula can be given as,

[tex]A=P\times\left(1+\dfrac{r}{n\times100}\right)^{nt}\\[/tex]

Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate r of in the time period of t.

While carrying the balance on a loan from one month to the next month, the compound interest rate is better, as it allows the funds to grow faster than the other rate mentioned.

Thus, the interest rate which will save the most money if the balance on a loan from one month to the next is carried is the compound interest rate.

Learn more about the compound interest here;

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Related Questions

1. Reducing the original price of an item is often called
discounting
selling
bartering
originating

Answers

reducing the original price of an item is called discounting
Yuhh the answer is discounting

write 2^ 100 as a power with the following base of 16 brianly.
Pls answer quickly

Answers

Answer:

  16^25

Step-by-step explanation:

The applicable relation is ...

  (a^b)^c = a^(bc)

  2^100 = 16^x = (2^4)^x = 2^(4x)

Equating exponents, we have ...

  100 = 4x

  25 = x

Then 2^100 = 16^25.

During a hurricane in Central Florida, the amount of rainfall R, in centimeters, is a function of time. Let R = f(t) define the amount of rain recorded by meteorologists beginning at midnight. Give an interpretation of the statements below, using the appropriate units.

A. (6) = 4.8

B. f'(6)=0.5

C. f(-1)(5) = 14

D. f(-1)'(5) = 1.5

Answers

The amount of rainfall is an illustration of inverse functions, and rates.

The function is given as: R = f(t)

(a) Interpret f(6) = 4.8

This means that:

The amount of rainfall at 6 seconds is 4.8 cm

(b) Interpret f'(6) = 0.5

f'(6) represents the rate of the function

So, this means that:

The rate at which rain falls at 6 seconds is 0.5 cm per second

(c) Interpret f^-1(5) = 14

f^-1(6) represents the inverse function

So, this means that:

The time at which 5 cm of rain falls, is 14 seconds

(d) Interpret f^-1'(5) = 1.5

f^-1'(5) represents the rate of the inverse function

So, this means that:

The rate of time when 5 cm of rain falls is 1.5 seconds per cm

Read more about functions, inverse and rates at:

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7x when x=3
Please help

Answers

Answer:

21

Step-by-step explanation:

7x, x=3. Plug x in as 3. 7x3=21.

It would be 21 because when two numbers are next to each other it means multiplication when 7x is given and x is 3 it would be 7 x 3 = 21

7. Solve. *
Tommy had 3 pounds of peanuts. If he split the peanuts up between himself
and his three friends, how many pounds of peanuts would each person gets

Answers

Answer:

0.75 is what they each get.

Step-by-step explanation:

You need to divide 3 by 4.

julieta drew the triangle that is shown below. julieta rotated the triangle 180 degrees clockwise about the origin. what is the new triangle?​

Answers

Step-by-step explanation:

The coordinates of the rotated triangle is A' ( -1, -1 ) , B' ( -3 , -2 ) , C' ( -2 , 2 )

What is Rotation?

The measure of the amount a figure is rotated about the center of rotation is called the angle of rotation. The angle of rotation is usually measured in degrees. We specify the degree measure and direction of a rotation.

90° clockwise rotation: (x,y) becomes (y,-x)

90° counterclockwise rotation: (x,y) becomes (-y,x)

180° clockwise and counterclockwise rotation: (x, y) becomes (-x,-y)

270° clockwise rotation: (x,y) becomes (-y,x)

270° counterclockwise rotation: (x,y) becomes (y,-x)

Given data ,

Let the triangle be represented as ABC

Now , the coordinates of the triangle ABC is

The coordinate of A = A ( 1 , 1 )

The coordinate of B = B ( 3 , 2 )

The coordinate of C = C ( 2 , -2 )

Now , on rotating the triangle ABC by 180° clockwise and counterclockwise rotation: (x, y) becomes (-x,-y)

Substituting the values in the equation , we get

The rotated triangle will have the coordinates A'B'C'

The coordinate of A' = A' ( -1 , -1 )

The coordinate of B' = B' ( -3 , -2 )

The coordinate of C' = C' ( -2 , 2 )

Hence , the coordinates of the triangle is A' ( -1, -1 ) , B' ( -3 , -2 ) , C' ( -2 , 2 )

To learn more about rotation click :

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#SPJ2

In one week, a computer shop sold 13 laptop computers and
7 desktop computers. What was the ratio of laptop computers to all
computers that were sold in the week? Describe the ratio using words.

Answers

Answer:

13:7

Step-by-step explanation:

This ratio would be 13 laptop computers for every 7 desktop computers; 13:7

Multiply or divide. write fractions in simplest form.

2/3 * (-2 1/4) * (-1 1/2)

i really need help with this problem! i will mark you brainliest :)

Answers

Step-by-step explanation:

Okay so, let's turn these into decimals first (rounded to nearest 2 thousandths).

2/3 = 0.66666 (repeating), to the nearest 2 thousandths would be 0.66.

-2 1/4 = -9/4 = -2.25

-1 1/2 = -3/2 = -1.5

then we set up the problem

0.66 × -2.25 × -1.5 = 2.2275 rounded 2.22 as an improper fraction 111/50 and that cannot be simplified any smaller.

please help, im literally so tired

Answers

Answer:

sameee lol

Step-by-step explanation:

82.1 / 7.8= What is the answer yall

Answers

Answer:

10.5

Step-by-step explanation:

Hope I helped please mark brainliest if I did and thanks! <3


A car travels a distance of 7575 meters in a time of 25 hours. What is the car's speed?

Answers

Answer:

303 miles per hour

Step-by-step explanation:

math
solve this pls lol

Answers

Answer:

The two triangles are related by congruent angles/similarity, so the triangles are similar.

Have an awesome day! :D

PLEASE HELP!!!!!!!! PLEASE DON’T SEND LINK(S). LOOK AT THE PICTURE HAS ALL THE INFORMATION.

Answers

Answer:

5

Step-by-step explanation:

50÷5=10-5=5

wished it helped.

How can I divide 7.86 divide by 0.2

Answers

Answer:

39.3

Step-by-step explanation:

pa brainliest

7.86/0.2
= 393/10
= 39.3

Need help! attachment below. will give brainlist

Answers

Answer:

In the graph locate the point (3,0) and draw a line parrallel to Y-axis passing through (3,0) .

Then your line will cut the graph of f(x) at some point, that point's y-coordinate will be your value of f(3).

Step-by-step explanation:

Hope it helps!


How would the numbers -40, 0, and 40 appear on a horizontal number line?

A. 0 on the left end, -40 in the middle, and 40 on the right end

B. 0 on the left end, and both 40 and -40 on the right end

C. 40 on the left end, 0 in the middle, and -40 on the right end

D. -40 on the left end, 0 in the
middle, and 40 on the right end
SUBMIT

Answers

Check the picture below.

what is the slope of the line of (8,10) (-7,14)​

Answers

The answer is : -4/15

Answer:

-4/15

Step-by-step explanation:

slope is simply the rise over the run which is the change in y over the change in x.

( (y_2) - (y_1) ) / ( (x_2) - (x_1) )

if you plug in your variables that gives you

(14-10) / (-7-8)

which equals

4/-15

- (4/15)

20 EASY POINTS PLUS BRAINLIEST IF YOU ANSWER THIS QUESTION

Answers

Mark me as Brainliest Please

31 divided by 943.89

Answers

Answer:

0.032

Step-by-step explanation:

Answer:  0.03284281007

Step-by-step explanation:

Write the equation of the line graphed below in slope-intercept form.

a. y = 3x +12

b. y = 12x + 3


c. y = 2x + 3


d. y=12x

Answers

Answer:

C

Step-by-step explanation:

c. y = 2x + 3

first you need to find the y-intercept which is 3

and then the slope rise/run which is 2 so y = 2x + 3

what is 10 2/1 divided by 2 1/4

Answers

Answer:

5.3 but the three is repeated

Step-by-step explanation:

Answer:

[tex]10 \frac{2}{1} \div 2 \frac{1}{4 } = \frac{48}{9} [/tex]

Penjelasan

[tex]10 \frac{2}{1} = \frac{12}{1} [/tex]

[tex]2 \frac{1}{4} = \frac{9}{4} [/tex]

[tex] \frac{12}{1} \div \frac{9}{4} = \frac{12}{1} \times \frac{4}{9} = \frac{48}{9} [/tex]

Then the answer is 48/9

------------------------------------------

[tex] \green{ \boxed{ \boxed{ \sf{Lusi \: Adriana} } } } [/tex]

One thousand dollars is deposited into an ordinary annuity after each 6 month period for 2 years. The account pays 4 percent interest compounded semiannually.what is the future value of the account in 2 years ??

Answers

Answer:

  $4121.61

Step-by-step explanation:

Use the formula for the balance of an ordinary annuity.

  A = P((1 +r/n)^(nt) -1)/(r/n)

  A = $1000((1 +.04/2)^(2·2) -1)/(.04/2) ≈ $4121.61

The future value of the account is $4121.61.

how do i do this?
y=- 1/2x + 3

Answers

Answer: y-intercept would be (0,-1/3)

Step-by-step explanation:

I might be wrong

I need right answer only please no link no bot

Answers

Answer:

[tex]972 \pi \: {in}^{3} [/tex]

Step-by-step explanation:

volume of container

[tex] = \: \frac{4\pi {r}^{3} }{3} [/tex]

At a birthday party, 20% of the guests wear glasses.

If there are 30 guests, how many wear glasses?

Answers

Answer: 6
20x30=600
600/100=6
6 guests were wearing glasses

Answer:

if 100% =30 guests what about 20%=6%

=
Given f(x) = 3x2 + 5x + k, and the remainder when f(x) is divided by
x + 3 is 29, then what is the value of k?

Answers

Answer:

the answer is k=2

Step-by-step explanation:

cuanto es 3/5 menos 1/2

Answers

Answer:

1/10

Step-by-step explanation:

(3/5) - (1/2)

3/5 = 3*2/ 5*2 = 6/10

1/2 = 1*5/ 2*5 = 5/10

(6/10) - (5/10)

= (6-5) / 10

= 1/10

the answer to your question is 1/10

I need help on this please help

Answers

Answer:

4

Step-by-step explanation:

[tex]\sqrt[3]{64}[/tex] = [tex]\sqrt[3]{4*4*4}[/tex]=4

The answer is 4 because if you multiply 4 three time you will get 64

Step by step
4x4=16
16x4=64

Help I offer all of my points

Answers

Answer:

100 bags

Step-by-step explanation:

You're going to want to multiply each amount of pounds the bags are by two. So 30 × 2 is 60. 15 × 2 = 30. 5 × 2 = 10.

60 + 30 = 90

90 + 10 = 100                            (BRAINLIEST PLEASE OvO)

Each side of a square is increasing at a rate of 6 cm/s. At what rate is the area of the square increasing when the area of the square is 36 cm2?

Answers

I think the answer might be 6 but I’m not really 100% sure
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