Answer:
Step-by-step explanation:
11
Answer:
they would get 3 1/2
Step-by-step explanation:
because if there's two friends and seven cookies one friend we get three and the other one will get three and they could split the other cookie in half so that each Friend can have three cookies and a half if they split
I'll try to understand this but I don't really get it because I'm in middle school
Money offered to Michelle per annum in Job A = $1700
Number of years she will work in job A = 5
Percentage of earnings per annum for her retirement plan = 6.60%
Money she will earn will be the simple interest at the end of 5 years.
We know that :

Principal = $1700
Rate = 6.60%
Time = 5 years
Which means :



We also know that :

Amount Michelle will earn at the end of 5 years for her retirement plan :


2261 can be rounded off to 2260.
Therefore, Michelle will earn <u>$2260</u> at the end of 5 years for her retirement plan.
Answer:
APR = 416%
EAR = 5370.60%
Step-by-step explanation:
Given:
Interest rate = 7.8% per week
Now,
In an year there are total 52 weeks
thus,
The APR (Annual percentage rate) = Interest rate × Total weeks in an year
or
APR = 8% × 52
or
APR = 416%
and, EAR ( Effective Annual Rate ) = ( 1 + r )ⁿ - 1
Here,
r is the interest rate per week
n is the total weeks in an year
thus,
EAR ( Effective Annual Rate ) = ( 1 + 8% )⁵² - 1
= ( 1 + 0.08 )⁵² - 1
= 53.7060
or
53.7060 × 100% = 5370.60%