Your monthly statement from your bank credit card shows that the monthly rate of interest is 1.5%. What is the annual effective rate of interest you are being charged on your credit card

the effective annual rate of interest is 19.56%

Explanation:

The computation of the annual effective rate of interest is shown below:

Since the monthly rate of interest is 1.5%

So,

Annual interest is

= 1.5 % × 12 months

= 18 %

Now  

Effective annual rate of interest is

= ( 1 + 0.18 ÷ 12)^12 - 1

= 0.1956

= 19.56 %

hence, the effective annual rate of interest is 19.56%

y=mx+b is the right slope of velocity carry the 4 over

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants