Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
Answer:
7x - 3)
Step-by-step explanation:
Given
3x - 7 + 2(2x - 7) ← distribute parenthesis
= 3x - 7 + 4x - 14 ← collect like terms
= 7x - 21 ← factor out 7 from each term
= 7(x - 3)
The answer would be the first choice 4+b
Answer:
Step-by-step explanation:
<u>Solving in steps:</u>
- - 8 3/4 ÷ 2 1/6 =
- - 35/4 ÷ 13/6 =
- - 35/4 × 6/13 =
- - 35/2 × 3/13 =
- - 105/26 =
- - 4 1/26
Answer:
59.38
Step-by-step explanation:
In the number 59.378, "7" is in the hundredth place. So, we need to round it according to the 7. Anything to the left of 7 doesn't need to be rounded. If we round the thousandths place, 8, up to 7, we get 59.38
