Here is the answer with my work !!
Ni is not correct. To solve
the equivalent quarterly interest rate, the annual interest rate should be multiplied
by the correct ratio. Since the annual interest rate is 4% per year. So in 1 quarter
is equal to 0.25 year.
<span>(4% / year) (0.25 year/ 1
quarter) = 1% per quarter</span>
3.888 :))))))))))))))))))))))))))
speed = 23000* 3.14= 72220 inches/ minute
* I don't have a phone, so I am not able to show my work
