Suppose Mai places $3500 in an account that pays 19% interest compounded each year.
1 answer:
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The right answer is C. never
The quotient of two algebraic expressions is a<em> fractional expression. </em> Moreover, the quotient of two <em>polynomials</em> such as:
is called a rational expression. So according to this definition rational expressions does not contain logarithmic functions. In fact, a rational expression is an expression that is the ratio of two polynomials like this:
Answer: 13%
Step-by-step explanation:
The formula to find the simple interest is given by :-
, where P is the principal amount, r is rate of interest () in decimal and t is the time ( in years).
Given : P = $19,100 , I=$9932.00 and t= 4 years
Substitute all the above values in the formula , we get
In percent ,
Hence, the rate of interest = 13%