The height of a cylinder is twice its radius. A sphere whose radius is 2 inches less than the radius of the cylinder is carved o
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Answer:
The effective interest rate, rounded to the nearest tenth, is 0.1%.
Step-by-step explanation:
The banker's rule is the simple interest formula.
The simple interest formula is given by:
In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly) and t is the time, in years.
The effective interest rate is given by the following formula:
.
In this problem, we have that:
A man makes a simple discount note for $6,200, at an ordinary bank discount rate of 8.84%, for 40 days. We consider that the year has 360 days. This means that .
So
The effective interest rate is
The effective interest rate, rounded to the nearest tenth, is 0.1%.
Answer:
Step-by-step explanation:
The given number is
We need to write this number in standard form.
Any no is given in the standard form is given by :
Where
a and b is real no and integer
It means,
Hence, this is the required solution.