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:
-14
Step-by-step explanation:
You can find the amount of change by subtracting the original amount from the new amount.
11 - 25 = -14
Overall: Appropriate answer is, -14.
Answer:
-5,3
Step-by-step explanation:
The formula for the area of a triangle is
1/2 b•h
Let’s plug in our values !
1/2 (30•75)
1/2 • 2,250 = ?
2,250/2 = 1,125
The area of the triangle is 1,125 cm^2
I hope I helped !
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