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Marina86 [1]
3 years ago
15

Naomi deposited money into savings account that is compunded quarterly at an interest rate of 6%. She thinks this quarterly rate

is the same as a monthly interest rate of 1.25%, Is Naomi right? If so, explain why and show how you got your answer. Is Naomi incorrect? If so, explain the mistake in her reasoning, give the correct monthly interest rate, and show how you got your answer. 80 pts for whoever answer this the best plzz
Mathematics
1 answer:
FromTheMoon [43]3 years ago
6 0

Answer:

No, because 1.25% times 3 is 3.75% which is less than 6%

Step-by-step explanation:

Quarterly is every 3 months

6% interest is 1.06, 6 cents on the dollar

Monthly interest rate is 1.25% so 1.25 × 3 is 3.75

So, 1.25% times 3 is 3.75% which is 2.25% less than 6%

Hope this helps!

Have a great day!

Plz mark brainliest.

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Answer:

The ships are 66 meters apart.

Step-by-step explanation:

For the sake of convenience, let us label ships A and B

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The distance to the ship A is d_1 and it is given by

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d_1=\dfrac{50}{tan (61^o)}

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And the distance to the ship B is d_2 and is given by

tan (28^o)= \dfrac{50}{d_2}

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Therefore, the distance d between the ships A and B is

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