The GCF for 45 and 60 is 15
Answer: 3 hours and 54 minutes
Step-by-step explanation:
Original APR = 10.22% compounded monthly.
Original effective interest rate, compounded monthly
= (1+(0.1022/12))^12
= 1.10712576
Original effective interest rate, compounded daily
= (1+(0.1022/365)^365
= 1.107589126
Difference in rate due to compounding periods
= 1.107589126 - 1.10712576
= 0.00046336
= 0.04634%