If the interest rate is compounded daily, we have the effective interest rate calculated as:
r = (1 + 0.1022/30)^30 -1
r = 0.1074 or 10.74%
Therefore, the effective interest rate if the compounded daily rather than monthly is 10.74-10.22 = 0.52 points higher.
Answer:
5 * 10^10
Step-by-step explanation:
(9 * 10^10) - (4 * 10^10)
If the * 10^x are both the same then just take the numbers away.
Answer:
k = 5
Step-by-step explanation:

Now comparing left hand side & right hand side ,

Cancelling x^2 & 6 from both left hand side & right hand side ,
kx = 5x
=> k = 5
A closed circle means greater than or equal to and less than or equal to.
An open circle is greater than or less than.