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Author Question: The Brick store credit card quotes a rate of 1.75% per month on the unpaid balance. When Leons took ... (Read 43 times)

sc00by25

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on: Jun 6, 2019

Question 1

Calculate the effective rate of interest, if $10 000 grew to $15 000 in 4 years with quarterly compounding.
◦ 4.06%
◦ 10.67%
◦ 8.45%
◦ 12.28%
◦ 0.85%

Question 2

The Brick store credit card quotes a rate of 1.75% per month on the unpaid balance. When Leons took over Brick's management, they reduced the card's effective rate by 4%. What will be the new periodic rate per month?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by sc00by25 on Jun 6, 2019

peter

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sc00by25

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Reply 2 on: Jun 6, 2019
Excellent

frankwu0507

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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