Answer:
400$
Step-by-step explanation:
100$ is 25% of 400
-2/3 times -2. You change -2 into -2/1 so you can multiply numerator to numerator and denominator to denominator. You will get 4/3 (negatives cancel out)
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</span><span>http://www.squiglysplayhouse.com/BrainTeasers/bt.php?id=119
this should help</span>
Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
