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tatyana61 [14]
2 years ago
12

A parking garage charges a fixed amount of money for each hour that it is used.

Mathematics
1 answer:
insens350 [35]2 years ago
5 0
Ok what is the rest of the question
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When calculating a loan’s effective rate, if the interest compounds every two months, what value of n do you plug into your equa
olga2289 [7]

The value of n you plug into your equation will be 6. Then the correct option is C.

<h3>What is compound interest?</h3>

Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.

When calculating a loan’s effective rate.

If the interest compounds every two months.

Then the value of n you plug into your equation will be

If the interest is compounded every two months, the interest will be applied six times every year.

Because there are 12 months in a year, the value of n that you will plug into your equation is 6, and it will be compounded every two months.

More about the compound interest link is given below.

brainly.com/question/25857212

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