You invest $1600 in an account paying 5% interest compounded daily. What is the account's effective annual yield? Assume 360 day
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Answer:
6 meters.
Step-by-step explanation:
The scale of a map is 1:10000
The real distance between two banks is 600 meters.
We are to find the distance between the two banks on the map.
This scale means that for every 1 meter on the map there are 10,000 meters on the real world.
So 600 meters on the real world would be represented by;
Cross-multiplying gives:
meters.