Find the effective rate of interest for 1% compounded monthly.
1 answer:
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The zeros for the given equation are A.
Step-by-step explanation:
Step 1:
To solve for x in a polynomial equation, we use the formula
Here a is the coefficient of , b is the coefficient of
and c is the coefficient of the constant term.
In the given equation, .
Step 2:
Substituting the values of a, b, and c in the equation, we get
So the answer is option A.
We convert 2.3181818 to fraction as follows:
Let x = 2.3181818 . . . . . (1)
as can be seen, the repeating digits are 18
Multiply both sides of equation (1) by 1,000 to get
1,000x = 2318.1818 . . . . . (2)
Also, multiply both sides of equation (1) by 10 to get
10x = 23.181818 . . . . . (3)
Subtract equation (3) from equation (2) to get
990x = 2,295
Thus,
Let x = 2.3181818 . . . . . (1)
as can be seen, the repeating digits are 18
Multiply both sides of equation (1) by 1,000 to get
1,000x = 2318.1818 . . . . . (2)
Also, multiply both sides of equation (1) by 10 to get
10x = 23.181818 . . . . . (3)
Subtract equation (3) from equation (2) to get
990x = 2,295
Thus,