4 years ago

20 POINTS

1 answer:

8 0

Ni is not correct. To solve the equivalent quarterly interest rate, the annual interest rate should be multiplied by the correct ratio. Since the annual interest rate is 4% per year. So in 1 quarter is equal to 0.25 year.

<span>(4% / year) (0.25 year/ 1 quarter) = 1% per quarter</span>

You might be interested in

Which equation is equivalent to 2x + 6y = 12?

mixer [17]

Answer:

Option C, y = -1/3x + 2

Step-by-step explanation:

2x + 6y = 12

<u>Step 1: Solve for y</u>

2x + 6y - 2x = 12 - 2x

6y / 6 = (12 - 2x) / 6

y = 2 - 1/3x

Answer: Option C, y = -1/3x + 2

6 0

3 years ago

Read 2 more answers

What is 9/54 in its simplest form

lions [1.4K]

1/6th is the answer in simplest form.

3 0

3 years ago

Read 2 more answers

a truck driver needs to drive his load to a destination that is 2760 miles away how many miles on average will he have to drive

vladimir1956 [14]

1 week = 7 days....so 1 week and 1/2 day = 7.5 days

2760 / 7.5 = 368 miles per day <==

6 0

3 years ago

Solve 5/3x ≤ 10. Graph the solution

VashaNatasha [74]

, .
........................................

3 0

3 years ago

PLEASE ANSWER ASAP FOR BRAINLEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

elena-s [515]

Answer:

yes!!? hiii, what do u need?

4 0

3 years ago

Read 2 more answers