Answer:
40000
Step-by-step explanation:
4×10^4 = 4×10000 = 40000
Parallel lines have the same slope. The equation of the parallel line is therefore:
y = x + b
Plug in the values you are given to find b:
2 = -3 + b
b = 5
9514 1404 393
Answer:
0.06164
Step-by-step explanation:
The effective annual rate obtained by compounding nominal annual rate r monthly is ...
eff rate = (1 +r/12)^12 -1
Then the value of r is ...
r = 12×((eff rate) +1)^(1/12) -1)
For the given effective rate, that is ...
r = 12×(1.06341^(1/12) -1) ≈ 0.06164 . . . . nominal annual interest rate
