Answer:
The earning rate is approximately 0.08.
Step-by-step explanation:
We can determine the yearly rate by means of compound interest, which is defined by:
(Eq. 1)
Where:
- Initial deposit, measured in US dollars.
- Earning rate, dimensionless.
- Earning periods, measured in years.
We proceed to clear the earning rate within:
If we know that and , then the earning rate is:
The earning rate is approximately 0.08.
5/6=0.83~
Meanwhile 3/4=0.75.
5/6 is bigger than 3/4.
Good luck!
Remark
Yes even though 8 is not a prime number. There is nothing that will divide into 3 or 8 the will give a whole number answer when the division is complete.
That means that 3 and 8 are prime to each other in base 10.
Check the picture below.
make sure your calculator is in Degree mode.