The effective rate of interest will be 9.10 %.
<h3>What is compound interest?</h3>
Compound interest is applicable when there will be a change in principle amount after the given time period.
Let's say you have given 100 for two years with a 10% rate of interest annually than for the second-year principle amount will become 110 instant of 100.
Given for simple interest
Principle amount = $650
Rate of interest = 12%
Time period = 7 months.
Interest= PRT/100
Interest= 650× 12 × 7/100 = 546
So final amount = 650 + 546 = $1196
By compound interest
1196 = 650![[1 + R/100]^{7}](https://tex.z-dn.net/?f=%5B1%20%2B%20R%2F100%5D%5E%7B7%7D)
R = 9.10%
Hence the effective rate of interest will be 9.10%.
For more information about compound interest,
brainly.com/question/26457073
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Answer:
Option B.
Step-by-step explanation:
In a regression of y in x, the proportion oh the variation in y explained by the variable x is shown in the R-squared value. So, for answering this question we need to look at the R-squared of such regression.
In this case the R-squared is 98.9% (or 0.989), so we will the option that matches this value. Looking at your options, the one that matches the R-squared is option B.
So, B is the correct option.
Answer:
79/120
Step-by-step explanation:
Answer:
C.
Step-by-step explanation:
A complementary angle is an angle at 90 degrees and is formed by 2 angles.