When calculating compound interest, the periodic interest rate is always less than the annual interest rate. True or false
1 answer:
You might be interested in
There should be a point the line is going through, (1,2).
We have given that,
N55.60 for 1yr 6 months at the rate of 2%
We have to determine the principal which will yield simple interest of N55.60 for 1yr 6 months at the rate of 2%.
<h3>What is the simple interest?</h3>
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years)
x = inches
y = miles
per 1 inch = 2 miles
so on the graph, there should be a point the line is going through, (1,2).
To learn more about the simple interest visit:
#SPJ2
Answer:
In this problem, we are given the following functions:
and its inverse function:
First of all, we want to calculate . This can be obtained by substituting
x = 2
into f(x). Doing so, we find:
Then we want to calculate . We can do it by substituting
x = 1
into . Doing so,
Then we want to calculate , which can be found by calculating f(2) and then using it as input for
We know that
f(2) = 1
Therefore,
Then we want to calculate , which can be calculated by plugging
x = -2
into . Doing so,
Then we want to calculate ; by substituting
x = 4
into f(x), we find
Finally, we want to find
We know already that
So we have: