Answer:
- 5.9%
Step-by-step explanation:
Data provided in the question :
Future value of the amount invested = $4,600
Principle i.e amount of purchase = $7,500
Time, n = 8 years
Now,
let the interest rate be 'i'
using compounding
$4,600 = $7,500 × (1 + i)⁸
or
0.613 = (1 + i)⁸
or
1 + i = 0.941
or
i = -0.059
or
interest rate = - 5.9%
Here negative sign means loss
I dont know what your asking. But this is what that says in English if this helps any, "Because Siberia is the coldest place?"
Answer:
Step-by-step explanation:
<u>Given</u>
<u>Find </u>
<u>Substitute x with x/3:</u>
- p(x/3) = x/3 - 3 = -3 + 1/3x
Correct choice is C.