If y = -2, what is the value of x? x+2/3 ; x =
2 answers:
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The correct option will be: d. 0.4%
For finding the periodic interest rate , we need to divide the annual interest rate by the number of times interest calculated in a year.
Here, the simple interest is calculated monthly, that means the number of times interest calculated in a year will be 12.
Annual interest rate is 4.8%
So, the periodic interest rate = %
So : 
?
First, you want to bring everything together on the top of the fraction.
12=24/2 so you can have
Add like terms -- 12 +24 = 36
Now we are at
Which is the lowest possible simplified version while remaining at exact value.
Feel free to check my math! I kinda did this off the top of my head.
First, you want to bring everything together on the top of the fraction.
12=24/2 so you can have
Add like terms -- 12 +24 = 36
Now we are at
Feel free to check my math! I kinda did this off the top of my head.