1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mariulka [41]
3 years ago
14

Effective Rate find the effective rate of interest corresponding to a nominal rate of 7.5% per year compounded.

Mathematics
1 answer:
Jlenok [28]3 years ago
3 0

Answer:

(A) 7.5 %

(B) 3.75 %

(C) 2.5%

(D) 0.625 %

Step-by-step explanation:

We have given effective rate of interest r = 7.5%

(a) Annual rate of interest will be equal to 7.5 %

(B) As we know that 1 year = 12 months

And interest is compounded semiannually

1 semiannual = 6 months

So semiannual rate of interest will be equal to \frac{7.5}{2}=3.75 %

(c) 1 quarter = 4 month

So number of period in an year = 3

So rate of interest quarterly =\frac{7.5}{3}=2.5 %

(D) Amount when amount is compounded monthly '

So number of period in an year = 12

So rate of interest =\frac{7.5}{12}=0.625 %  

You might be interested in
Find a degree
natta225 [31]

Answer:

755757

Step-by-step explanation:

6 0
3 years ago
Please help me and if I can I’ll help you but please I don’t get it!!
kobusy [5.1K]

Step-by-step explanation:

To solve this problem, let's set up our equation to solve for x (time to travel 13 miles).

\frac{65}{1} =\frac{13}{x}

We use this equation to find x. To solve, we divide 13 by 65 to get our answer.

13 ÷ 65 = 0.2

Our answer: 0.2 hours

4 0
3 years ago
Forty students are In Science club. Of those 45% are girls. This percent increase 56% after new girls join the club. How many ne
stepan [7]
45% of 40 is 0.45×40=18 girls
if x girls join then 56% of 40+x is 0.56(40+x)=18+x
22.4+0.56x=18+x
put together like terms
4.4=0.44x
<span>x=10 girls joined</span>
8 0
3 years ago
if jose makes 14 of his 20 free throws in basketball game what is his free throw shooting prercentage
patriot [66]
You can see he makes 14/20 of his free throws so the percentage will be:
14*100/20 =  70 % :)))
i hope this is helpful 
have a nice day 
5 0
3 years ago
What value of m makes the equation 8am/4a5=2a6 true?
skelet666 [1.2K]

Answer:

m = 11

Step-by-step explanation:

11 - 5 = 6

4 0
3 years ago
Other questions:
  • 31.
    15·1 answer
  • Statement
    14·1 answer
  • If f(x) = 3x and mc010-1.jpg which expression could be used to verify that g(x) is the inverse of f(x)?
    6·2 answers
  • Please help me, I'm stuck on this math problem. There is an attachment. Thank you!
    5·1 answer
  • How do the average rates of change help to support your argument of whether a linear or an exponential model is
    5·1 answer
  • What is the value of X when y=1
    7·1 answer
  • Plsss help meeee I need the answer!!
    11·1 answer
  • The exam will have true/false and short answer questions.
    8·1 answer
  • We are in school 10 months out of the year. What percent of the year are we in school?
    5·2 answers
  • Select all the correct answers. If the measure of angle 0 is 5(pi)/4, which statements are true?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!