Answer:
effective annual rate is 6.16 %
Step-by-step explanation:
given data
rate = 6 % = 0.06
time 5 year = 10 semi annually
to find out
effective annual rate
solution
we know formula for annual effective rate of interest is
rate of interest =
-1
put here all value
rate of interest =
-1
rate of interest =
-1
rate of interest = 0.061646
so effective annual rate is 6.16 %
Answer:
The answer is 0.47
Step-by-step explanation:
You can get this answer by doing division 5 divided by 2.35 and
then you get 0.47
Answer:
1 3/10
Step-by-step explanation:
5 1/5 ÷ 4= 1 3/10
2x3:7 = 0,857
You and your friend have 0,857 chance to be choosen.