Answer:
12.68%
Step-by-step explanation:
To calculate effective annual interest rate we need to use the following formula:
Where, 'i' is the effective annual interest rate
'r' is the annual rate of interest
'm' is the frequency of compounding.
When there is continuous compounding the effective annual rate uses the following formula:
In our case we would are assume that there is continuous compounding since no information regarding the frequency of compounding is given:
Plugging r=12%=0.12, we get:
Therefore, the effective annual interest rate is 12.74%.
Answer:2(4*7)
this is an expression
Step-by-step explanation:
if you want to solve it
you would multiply 4 by 7 which gives you 28
then double 28
you would multiply 28 by 2
which then gives you an answer of 56
(2n +1) + (2n + 3) + (2n + 5) = 51
6n + 9 = 51
6n = 42
n = 7
numbers are 15 17 and 19
Answer:using the square root on both sides of the equation
Step-by-step explanation:
Answer: 4
Step-by-step explanation: it is 4 because there are a total of 4 different decimal places in the equation so if the equation was 1.2 times 1.2 you would decimal hop 2 times because there are to numbers behind the decimal
