Answer:
C:
Step-by-step explanation:
The y-axis is the asymptote, and G(x) approaches it as x is getting smaller and smaller.
Actually, even more accurate would be to write
The down arrow shows that x has to approach 0 from the positive side.
15x -5 = 45 + 19 what is x
2 answers:
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Answer:
The effective interest rate, rounded to the nearest tenth, is 0.1%.
Step-by-step explanation:
The banker's rule is the simple interest formula.
The simple interest formula is given by:
In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly) and t is the time, in years.
The effective interest rate is given by the following formula:
.
In this problem, we have that:
A man makes a simple discount note for $6,200, at an ordinary bank discount rate of 8.84%, for 40 days. We consider that the year has 360 days. This means that .
So
The effective interest rate is
The effective interest rate, rounded to the nearest tenth, is 0.1%.