To find the effective interest rate the formula is
R=(1+r/k)^(k)-1
R=?
r=nominal Interest rate 0.1364
K=compounded daily 365
Plug in the formula
R=(1+0.1364÷365)^(365)−1
R=0.1461 This the effective interest rate 14.61%
As you can see that the effective interest rate is greater than the nominal interest rate by
0.1461−0.1364=0.0097×100=0.97%
So the answer is a
Hope it helps!
Answer:
We are 99% confident that the true proportion of female babies is captured by the interval from
0.8001
to
0.8999
.
Step-by-step explanation:
Answer:
3
Step-by-step explanation:
Choose a variable to represent the number to be added to 5 and 3.

"Cross-multiply."

Check: The ratio of 5+3 to 3 + 3 is 8:6, equal to the ratio 4:3.
Answer:
180
Step-by-step explanation:
4 times 20 is 80, and 4 times 5 is 100, so add those together and that's the total number of coins
Answer:
336
Step-by-step explanation: