To find the effective interest rate the formula is
R=(1+r/k)^(k)-1
R=?
r=nominal Interest rate 0.1364
K=compounded daily 365
Plug in the formula
R=(1+0.1364÷365)^(365)−1
R=0.1461 This the effective interest rate 14.61%
As you can see that the effective interest rate is greater than the nominal interest rate by
0.1461−0.1364=0.0097×100=0.97%
So the answer is a
Hope it helps!
Answer:
11h-21
Step-by-step explanation:
Hope this helps :-)
<u>Answer</u>
1st number = x
2nd number = 4x
3rd number = x + 100
sum of three numbers = 592
x + 4x + x + 100 = 592
6x + 100 = 592
6x = 592 - 100
6x = 492
x = 492/6
x = 82
1st number, x = 82
1st number, x = 822nd number, 4x = 328
1st number, x = 822nd number, 4x = 3283rd number, x+100 = 182
check :
82 + 328 + 182 = 592
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The relationship between the number of tickets is that Hannah sold three times as many tickets as Andrea.
<h3>How to determine the relationship?</h3>
From the question, we have:
Andrea = h
Hannah = 3h
This means that:
Hannah = 3 * Andrea
So, the relationship is that Hannah sold three times as many tickets as Andrea.
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Answer is a, 57.49.
17.42-12.60-9.62= $-4.80+62.29=57.49