The equation for compound interest is:
Where r is the interest rate and n is the number of times per year it's applied. Annually n = 1 and 7% interest r = 0.07 The quarterly rate 2% is already quartered 0.02 = r/n .
You can see that Alexander is incorrect. A quarterly compound interest rate of 2% will accrue more interest than a 7% compound annual interest rate.
1.7% compound quarterly Hope this helps:)
Answer:
㏒₃7=2x-5
Step-by-step explanation:
Answer:
Step-by-step explanation:
If MP bisects ∠BMS, then the line MP divides <BMS equally;
The adition postulate if therefore true;
<BMP +< PMS = <BMS and <BMP = < PMS
The equation becomes;
<BMP +< BMP= <BMS
2 <BMP = <BMS
2(2x+9) = 7x - 3
4x+18 = 7x-3
collect like terms
4x-7x = -3-18
-3x = -21
x = 21/3
x = 7
Since <BMP = < PMS 2x+9
< PMS = 2(7)+9
< PMS = 14+9
< PMS = 23
Hence the value of < PMS is 23
Answer:
the forumal to find thr mean is the sum of terms divided by the number of terms.