Answer: 276 is 300% of 92.
Explanation: 279 is 3x of 92. 92x3 =279 3= 3.00 -> 300%
Hope this helps
I got 9.8 but if you want to round it you get 10 because you add 106 and 9 to get 115 and then add 3 and get 118 and then divide 12b and 118 and get 9.8
Since it's paid quarterly, then the yearly interest of 2.8% should be divided by 4.
Since the payment is I/4th of the year, then the number of payment will 4 times more:
A= P(1+i)ⁿ, and for a period of 4, A = P(1+i/4)⁴ⁿ
A=5500(1+0.028/4)⁴ˣ⁴ = 5500(1+0.028/4)¹⁶ = $6149.42 (answer A)
No. A multiple of ten and a multiple of ten will always have at least 2 zeros.
