The effective rate of interest will be 9.10 %.
<h3>What is compound interest?</h3>
Compound interest is applicable when there will be a change in principle amount after the given time period.
Let's say you have given 100 for two years with a 10% rate of interest annually than for the second-year principle amount will become 110 instant of 100.
Given for simple interest
Principle amount = $650
Rate of interest = 12%
Time period = 7 months.
Interest= PRT/100
Interest= 650× 12 × 7/100 = 546
So final amount = 650 + 546 = $1196
By compound interest
1196 = 650![[1 + R/100]^{7}](https://tex.z-dn.net/?f=%5B1%20%2B%20R%2F100%5D%5E%7B7%7D)
R = 9.10%
Hence the effective rate of interest will be 9.10%.
For more information about compound interest,
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Answer:
the point on the plane (-15, 5)
Step-by-step explanation:
These lines are:
1) a vertical line (x=-15) which implies that all x values of the points that it contains have coordinate x= -15
2) a horizontal line (y=5) which implies that all y values of the points that it contains have coordinate y = 5
Then the intersection must occur at x = -15 and y = 5, that is at the point (-15, 5)
Correct answer is B.
The diagonals of rhombus are perpendicular.
A square and rectangle are parallelograms. The diagonals of a square are perpendicular, and the diagonals of a rectangle are not perpendicular.
Therefore, this property <span>is always true for a rhombus but not always true for a parallelogram.</span>
Answer:
2 x 3 = 6 cups
Step-by-step explanation:
I do not the question. Please explain
