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
%
(c) 1 quarter = 4 month
So number of period in an year = 3
So rate of interest quarterly
%
(D) Amount when amount is compounded monthly '
So number of period in an year = 12
So rate of interest
%
You can either do it to the nearest ten or the nearest hundred
(nearest ten) 590 - 320 = 270
(nearest hundred) 600 - 300 = 300
Multiply both 1/6=11/66, 3/11=9/66. 1/6 is bigger.
<u>Answer:</u>
<u>Solution:</u>
-x - 6y = -23
<u>Now, let's substitute the value of y into the first equation.</u>
- x + 4y = 17
- => x + 4(3) = 17
- => x + 12 = 17
- => x = 5
<u>Let's check our answer to make sure it is correct.</u>
<u>Check:</u>
- -x - 6y = -23
- => -(5) - 6(3) = -23
- => -5 - 18 = -23
- => -23 = -23
Hence, this is proven correct.
Hoped this helped.