Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
Answer: your answer is 36.3 cause it's half of 72.6.
Step-by-step explanation:
Answer:
x >_ 1
Step-by-step explanation:
Solving an inequality is a lot like solving an equation. Just pretend the inequality symbol is an equal sign!
(also i wont be using the _ or equal to symbol because I'm too lazy, so you'll get >_ or <_ for those, sorry)
8 + 4x >_ 12
-8 -8
4x >_ 4
/4 /4
x >_ 1
Your answer is 110/119
11/17 Divided By 7/10
11 * 10
17 * 7
110/119
That number can't be simplified, so that is your final answer.
Best of luck,
- Ari -