Answer:
13,6%
Explanation:
The first step to calculate the annual interest rate is to calculate the total yearly interest amount you will pay.
So, you'll pay $340 each quarter and, of course, there are 4 quarters in a year,... so a total of $1,360 (4 x $340) for the year.
Then you need to calculate the ratio of that interest amount compared to the loan amount in order to get the yearly interest
The effective annual rate on the load is then of 13,6%.
Answer:
Real GDP per capita can increase or decrease when Real GDP increases
Explanation:
Real GDP per capita is calculated by dividing Real GDP by the number of people in a country. Therefore:
- If population increase more quickly than the increase in real GDP, then real GDP per capita would decrease.
- If population decreases, stays the same or increases more slowly as Real GDP increases, then real GDP per capita would increase.
I don't understand what your asking?
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Read more about shopping campaigns ads:
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