-1 <span>± </span><span><span>√61 / 6. Negative 1, plus or minus square root of 61 divide by 6</span></span>
First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
Andrea can cut 4 1/2 (or 4.5) inch pieces from her original piece.
18/4 = 4.5
Hope this helps!
Answer:
i'm pretty sure it's d hope this helps
Step-by-step explanation:
