<span>$16,000 / (100% - 20%) = $16,000 / .8 = $20,000
to verify, work the answer backwards.
$20,000 - $20,000 * 20% = $20,000 - $4,000 = $16,000
</span>
Answer:
11n
Step-by-step explanation:
7n+4n (factorize out n)
= n (7 + 4)
= n (11)
= 11n
I think the answer is the third one
9514 1404 393
Answer:
0.2332
Step-by-step explanation:
The relationship between the effective annual yield (e) and the nominal annual interest rate (r) compounded n times per year is ...
e = (1 +r/n)^n -1
For weekly compounding, we have n=52, so ...
e = (1 +0.21/52)^52 -1 = 0.2332 . . . . . . . about 23.32%
