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i need help in math :*(


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well reading that it tells me this:

givens: APR=12r

r=1.5

so i think they just want 12®=x so 12(1.5)=18%

thats how i read the problem :shrug:

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My guess would be(I'm also bad at math) is that the 12 is the number of months, soy you would multiply the rate(1.5) times the 12, to get the anusl intrest rate. But that sounds too easy. So idk. Lol

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I would multipy both sides by 12 thus leaving the r by its self and 12 * 1.5= 18 looks like colleage algebra to me.

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wow not touching this one

the answer is 18

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Aha! Annual percentages. Much more fun than pre algebra!

So the APR is the interest charged annually on the account/loan. The "r" is your monthly interest rate. So if they charge 1.5% interest every month, they want to find out how much interest that is over a whole year. 12 months in a year, so:

12 months x 1.5% interest per month = 18% interest for the whole year!

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Aha! Annual percentages. Much more fun than pre algebra!

So the APR is the interest charged annually on the account/loan. The "r" is your monthly interest rate. So if they charge 1.5% interest every month, they want to find out how much interest that is over a whole year. 12 months in a year, so:

12 months x 1.5% interest per month = 18% interest for the whole year!

yeah this guy is much better with words than I

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