Travis just got a new credit card that offers inductors APRof 3.6% for first 3 months and standard APR of 14.4% thereafter. If interest is compounded monthly, what is the periodic interest rate during the first three months?

Month 1 : 0.002988

Month 2: 0.00299692814

Month 3: 0.00300588297

Step-by-step explanation:

Since we're only finding the interest for the first three months, it's easy to do it by performing the simple interest formula. But first, we need divide 3 by 12, since we calculate interest using years. 3/12 = 1/4 = 0.25

The standard simple interest calculation is done by multiplying the starting amount, by the interest, by the time, then dividing by 100 to put it into a percentage.

1 month = 1/12 or approximately 0.083 of the year.

Let's say P = 1. For the first month, it will be 1 x 3.6 x 0.083 = 0.2988 / 100

The second month, (1 + 0.002988) * 3.6 * 0.083 = 0.299692814 / 100

The third month, (1.002988 + 0.00299692814) x 3.6 x 0.083 = 0.300588297/100

Given the initial amount be 1, those would be the periodic interest rate during the first three months.

.there can be infinite values of m and n that can satisfy the above equation. for each value of m of m or n. there maybe infinite sets of solution for the above

step-by-step explanation:

the population of other specie of birds will decline or other specie of birds will find some alternate source of food to survive.

explanation:

according to the competitive exclusion principle, which is also known as gause's law, two specie living in the same niche and feeding on the same resource cannot co-exist stably.

as we have well studied the theory of natural selection which states that only those organisms survive which have better tendency to compete for food and adapt to the environmental conditions.

coming towards the question, what wi ll happen when one species outcompetes the other for the small fish , the other specie will not get enough food and will start to die or decline in population. eventually either other specie needs to find another alternative food source for itself or migrate at some other location where there is less competition otherwise it will just not exist anymore at that niche.

hope it !