Anna’s bank gives her a loan with a stated interest rate of 10.22%. How much greater will Anna’s effective interest rate be if t
2 answers:
The difference between the interest is compounded daily, rather than compounded monthly is . Option (d) is correct.
Further explanation:
Given:
Anna’s bank gives her a loan with a stated interest rate of .
Explanation:
Anna’s bank gives her a loan with a stated interest rate of
The difference between the effective interest rate be if the interest is compounded daily, rather than compounded monthly can be calculated as follows,
The difference between the interest is compounded daily, rather than compounded monthly is . Option (d) is correct.
Option (a) is not correct.
Option (b) is not correct.
Option (c) is not correct.
Option (d) is correct.
Learn more:
- Learn more about inverse of the function brainly.com/question/1632445.
- Learn more about equation of circle brainly.com/question/1506955.
- Learn more about range and domain of the function brainly.com/question/3412497
Answer details:
Grade: High School
Subject: Mathematics
Chapter: Simple interest
Keywords: nominal rate, compounded daily, effective rate, compounded monthly, Anna’s bank, Anna, bank, loan, percentage, interest rate, Principal, invested, interest rate, account, effective interest rate, total interest, amount.
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Answer:
Option a)
Step-by-step explanation:
To get the vertical asymptotes of the function f(x) you must find the limit when x tends k of f(x). If this limit tends to infinity then x = k is a vertical asymptote of the function.
Then. x = 2 it's a vertical asintota.
To obtain the horizontal asymptote of the function take the following limit:
if then y = b is horizontal asymptote
Then:
Therefore y = 0 is a horizontal asymptote of f(x).
Then the correct answer is the option a) x = 2, y = 0
Answer:
Step-by-step explanation:
Think of a rational number as a fraction. The definition of a rational number is that it is the ratio of integers that, when divided, is either an integer, a decimal that terminates, or a decimal that repeats. 6/3 = 2 (6/3 is a rational number that divides to 2); 1/2 = .5 (1/2 is a rational number that divides to .5 which is a terminating decimal, meaning it ends); 1/3 = .33333333 (1/3 is a rational number that divides to .3333333 which is a repeating decimal). If we want to express 3.24 as a rational number, let's first put it into fraction form. The 4 in .24 is in the hundredths place, so as a fraction, .24 is 24/100. Check this on your calculator. Divide 24 by 100 and you get .24. So now what we have is
Now express that mixed fraction as an improper and you're done. 3 times 100 is 300; 300 + 24 = 324. Put that back over 100 and your rational number is 324/100. Check that on your calculator, as well, just to see that it's true.