Answer:
Rebecca is incorrect. The equivalent quarterly interest rate is 1.75%.
Explanation:
The formula for compound interest is i = r/n.
r represents the interest rate in decimal form.
n represents the compounding periods in a year.
Calculate the interest rate for 7% compounded quarterly:
Since interest compounded quarterly is four times a year, n = 4.
7% is converted to decimal form by dividing by 100.
7 / 100 = 0.07
r = 0.07
Substitute these into the formula:
i = r/n
= 0.07/4
= 0.0175
0.0175 is in decimal form. To convert it to a percentage, multiply it by 100.
0.0175 X 100 = 1.75%
1.75% ≠ 2%
Therefore, Rebecca is incorrect. The equivalent quarterly interest rate is 1.75%.
Answer:
dont know
Step-by-step explanation:
Answer:
The height of Bianca = 42 inches
Step-by-step explanation:
The given height of Meredith = 60 inches
Let us assume the height of Bianca = x inches
Now, given Meredith's height = 2/3 of Bianca's Height + 32 inches

or,
or, x = 42
Hence the given height of Bianca = x = 42 inches
A(b-c)=d
Ab-Ac=d
-Ab -Ab from both sides
-Ac=d-Ab
divide -A
c=d-Ab over -A and the -A's should cancel so it should be c=db <span />
Answer:
the answer is $56
Step-by-step explanation:
2 weeks = 14 days
14 (days) x $4 (per day) = 56
the change over 2 weeks is $56