Answer:
7.12
Step-by-step explanation:
The formula for the effective annual yield is given as:
i = ( 1 + r/m)^m - 1
Where
i = Effective Annual yield
r = interest rate = 7% = 0.07
m= compounding frequency = semi annually = 2
i = ( 1 + 0.07/2)² - 1
i = (1 + 0.035)² - 1
= 1.035² - 1
= 1.071225 - 1
= 0.071225
Converting to percentage
0.071225 × 100
= 7.1225%
Approximately to 2 decimal places = 7.12
Therefore, the annual effective yield = 7.12
Answer:
1010
Step-by-step explanation:
There are a whole class of questions that rely on the method to this one.
First add up what you know
1270 + 1150 + 870 + 1450 = 4740
Now add on the 5th month (which you don't know. Call it x)
4740 + x
Divide by 5
(4740 + x)/5 = 1150 and that is your equation
Solution
Multiply both sides by 5
5*(4740 + x) / 5 = 1150 * 5
4740 + x = 5750
Subtract 4740 from both sides
4740 - 4740 + x = 5750 - 4740
x = 1010
Which seems kind of low, but that's what the numbers come to.
Therefore , the value of x = -1
Answer:
9x + 6
Step-by-step explanation:
<u>Step 1: Distribute</u>
5x + (x + 6) + 3x
5x + x + 6 + 3x
<u>Step 2: Combine like terms</u>
5x + x + 6 + 3x
9x + 6
Answer: 9x + 6
