Answer: 10
<u>Step-by-step explanation:</u>
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x
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= 10
The effective rate is calculated in the following way:

where r is the effective annual rate, i the interest rate, and n the number of compounding periods per year (for example, 12 for monthly compounding).
our compounding period is 2 since the bank pays us semiannually(two times per year) and our interest rate is 8%
so lets plug in numbers:
13 songs per cd 4/4 and 52/4= 1/13
Answer:
$1,061
Step-by-step explanation:
2% of 1000 is 20.
If 2% is compounded yearly, then
year one- $1,020
year two- $1,040.40
year three- $1,061.21
Rounded to the nearest whole dollar, Elaine would have $1,061 in her savings account after three years.
Answer:
A=a+b
2h=20+8
2·20.4≈285.6
Step-by-step explanation: