The effective rate is calculated in the following way:

where r is the effective annual rate, i the interest rate, and n the number of compounding periods per year (for example, 12 for monthly compounding).
our compounding period is 2 since the bank pays us semiannually(two times per year) and our interest rate is 8%
so lets plug in numbers:
Answer:
greater than
Step-by-step explanation:
7/8 is greater than 4/8
20miles increased by 30%=new mileage added
20x.3= 6
6 miles more than his previous distance so...
6+20= 26
NOTE you can also use 1.3 instead of .3 as the percent to get the answer with out addition.
Answer:
The answer is 100% B
Step-by-step explanation:
Answer:
x = 2
Step-by-step explanation:
8(4-x) = 7x + 2
1) Distribute : 32 - 8x = 7x + 2
2) Subtract 32 : -8x = 7x - 30
3) Subtract 7x : -15x = -30
4) Divide 15 : x = 2 :)