Answer:
7.12
Step-by-step explanation:
The formula for the effective annual yield is given as:
i = ( 1 + r/m)^m - 1
Where
i = Effective Annual yield
r = interest rate = 7% = 0.07
m= compounding frequency = semi annually = 2
i = ( 1 + 0.07/2)² - 1
i = (1 + 0.035)² - 1
= 1.035² - 1
= 1.071225 - 1
= 0.071225
Converting to percentage
0.071225 × 100
= 7.1225%
Approximately to 2 decimal places = 7.12
Therefore, the annual effective yield = 7.12
Option c is correct formula
To find explicit formulas, you need two things. The common difference and the first term.
For example, #18
The first term = -15
The common difference = -20 -(-15) = -20 + 15 = -5
y = A + B(n - 1)
A = our first term
B = our common difference
n = the term you want to find in the sequence.
Leta plug our numbers in from #18
y = -15 + -5(n - 1)
Let's find the 4th term in the sequence.
y = -15 + -5(4 - 1)
y = -15 + -5(3)
y = -15 + -15
y = -30
Answer:
112
Step-by-step explanation:
If she takes 1/8 of an hour to complete one then she can finish 8 in 1 hour.
8 x 14 = 112