The equation for compound interest is:
Where r is the interest rate and n is the number of times per year it's applied. Annually n = 1 and 7% interest r = 0.07 The quarterly rate 2% is already quartered 0.02 = r/n .
You can see that Alexander is incorrect. A quarterly compound interest rate of 2% will accrue more interest than a 7% compound annual interest rate.
1.7% compound quarterly Hope this helps:)
Answer:
x= 2/3
Step-by-step explanation:
Answer 4: Angle 4,5 and 1
Answer 5: 3,4 and 5
Answer 6: The value of x is 10 because since angle 3 is 90 degrees angle 1 is 9x 9 times 10 equals 90 degrees which is the same as angle 3 which is 90 degrees, so the answer is 10.
The answer is B. You can find this by turning 3/4 into a decimal, which is .75. You can then divide .75 by 6 to get 0.125 (which is the decimal form of 1/8).
