Harold opened a credit card at a department store with an APR of 14.55% compounded monthly. What is the APY on this credit card?

the APY on this credit card is 15.56%

Step-by-step explanation:

The computation of the APY is as followS:

The nominal monthly rate is

= 0.1455 ÷ 12

= 0.012125

Now

real annual rate= [(1 + Nominal monthly rate)^number of months] - 1

= [(1.0.12125^12) - 1]

= 15.56%

Hence, the APY on this credit card is 15.56%

The same is considered by applying the given formula

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 .