EAR = (1+APR/n)^n -1, where n is the number of compounding periods per year. Benny’s credit card APR is 21.55% compounded daily. What is his actual interest rate per year—that is, his EAR?

His actual interest rate per year is 24.04%.

Step-by-step explanation:

Given : where n is the number of compounding periods per year. Benny’s credit card APR is 21.55% compounded daily.

To find : What is his actual interest rate per year—that is, his EAR?

Solution :

The formula of EAR is  

Here, APR = 21.55%=0.2155

n=365 (compounded daily)

Substitute the value,

Therefore, His actual interest rate per year is 24.04%.

people grow faster than other people.

step-by-step explanation:

should you really be posting this isn't math boi.

the length of o'p' is .

step-by-step explanation:

it is given that the quadrilateral m'n'o'p' is the image of quadrilateral mnop after dilation.

the center of dilation is origin and the scale factor is 1.5.

in dilation the image and preimge are similar figures. it means the sides of image and preimage are proportional.

the scale factor is defined as

the scale factor is 1.5.

multiply both sides by op.

note: if the value of op is given, then multiply the value of op with 1.5 to get the length of side o'p'.

therefore length of o'p' is .