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Mathematics 22 Online
OpenStudy (anonymous):

Which statements best describe the difference between a periodic interest rate and an APR?

OpenStudy (anonymous):

A periodic interest rate is the amount of interest someone will pay for a specific time frame. An APR is the amount of interest someone will pay each year. A periodic interest rate is the amount of interest someone will pay each year. An APR is the amount of interest someone will pay for a specific time frame. A periodic interest rate is interest that is applied to an account at the end of a specific time frame. An APR is interest that is applied to an account once at the end of the year. A periodic interest rate is interest that is applied to an account once at the end of the year. An APR is interest that is applied to an account at the end of a specific time frame.

OpenStudy (anonymous):

Farrah opens a credit card with an APR of 17.75% compounded monthly. How much is charged in interest this month if her balance is $1,750? $17.75 $25.89 $145.83 $310.63

OpenStudy (anonymous):

What is Taelyn's overall debt-to-credit ratio? (4 points) 44.60% 52.29% 39.05% 91.34%

OpenStudy (anonymous):

Are u asking more than one question? Im confused...

OpenStudy (anonymous):

here is the chart for the taelyn one

OpenStudy (anonymous):

yes, i'm sorry. these are my last three and im so confused

OpenStudy (anonymous):

Farrah opens a credit card with an APR of 17.75% compounded monthly. How much is charged in interest this month if her balance is $1,750? B. 25.89

OpenStudy (anonymous):

I dont understand the other questions

OpenStudy (anonymous):

thank you.

OpenStudy (anonymous):

@johnweldon1993

OpenStudy (anonymous):

i figured out the first one but i just need help on the one with taelyn, the chart is attached. @johnweldon1993

OpenStudy (anonymous):

nevermind it was 44.60%

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