Answer:
The effective annual rate is 26.8%
Step-by-step explanation:
We know that the nominal annual interest rate is just the periodic(monthly) interest rate times the number of periods(12). So we have to first note the fact that we can derive the monthly compound interest rate by simply dividing the nominal annual interest rate by 12 giving us 2% as the monthly compound interest rate. Now that we have the monthly compound interest rate we can simply calculate the effective annual rate m by the formula below,
we can convert the decimal value to a convenient percentage by simply multiplying it by 100 and we will obtain our answer as 26.8% being the effective annual rate.
Answer:
sorry about that v but to make it shorter the answer is undefined
Step-by-step explanation:
To calculate the slope (m) use the
The 2 points here are (12 ,10) and (12 ,5)
Division by 0 is undefined , hence slope is undefined.
This is, in fact, a line parallel to the y-axis and passing through all points in the plane with an x-coordinate equal to 12.
For this reason it's equation is x = 12
A 'quick' way to note when this situation occurs is to observe that the x-coordinates of the 2 given points are equal.
graph{y-1000x+12000=0 [-20, 20, -10, 10]}
6/16 (multiply 2 top and bottom)
9/24 (multiply 3 top and bottom)
hope this helps
Answer:
4x+11
Step-by-step explanation: