If the interest rate is compounded daily, we have the effective interest rate calculated as:
r = (1 + 0.1022/30)^30 -1
r = 0.1074 or 10.74%
Therefore, the effective interest rate if the compounded daily rather than monthly is 10.74-10.22 = 0.52 points higher.
135 and 1/2 should be correct.
Answer: x=8
Step-by-step explanation:
3(x-2) =18
3(8-2) =18
24-6 = 18
18 = 18
Answer: 314.16 or 100 pie
Step-by-step explanation:
2(50)pie
Answer:
x=lindas age
3 times lindas age (3 time x or 3x) is decreased by 36 (-36), the result (=) is twice lindas age (2 times x or 2x)
now we have
3x-36=2x
subtract 2x
x-36=0
add 36
x=36
age=36
Step-by-step explanation:
