Answer:
Point D
Step-by-step explanation:
This can be solved using a ratio. The ratio is: 13/20=x/60 this would then become 20x= 780 divide both sides by 20 and you get x=39. the answer is 39
Subtract the 2 equations
7x+2y=-19
- -x+2y = 21
--------------------------
8x +0y=-2
x= -1/4
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
