The equation for compound interest is:
Where r is the interest rate and n is the number of times per year it's applied.
Annually n = 1 and 7% interest r = 0.07
The quarterly rate 2% is already quartered 0.02 = r/n .
You can see that Alexander is incorrect. A quarterly compound interest rate of 2% will accrue more interest than a 7% compound annual interest rate.
1.7% compound quarterly
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<em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em><em>⛔</em>
<h3><em>mark </em><em>it </em><em>as </em><em>brainliest</em><em>.</em><em>.</em><em>. </em><em>✌</em><em>✌</em><em>✌</em></h3>
1 1/2 = 3/2
The reciprocal of a/b is b/a
So the reciprocal of 3/2 is 2/3
The answer is B.
Answer: Third option.
Step-by-step explanation:
According to the data information given in the exercise, you know that "d" represents number of miles Mr. Dillion traveled and "h" represents the number of hours Mr. Dillion drove.
Given the following equation:
You must substitute into the equation and then you must evaluate, in order to calculate the number of miles Mr. Dillion will travel in 6 hours.
Then, you get this result: