9514 1404 393
Answer:
0.06164
Step-by-step explanation:
The effective annual rate obtained by compounding nominal annual rate r monthly is ...
eff rate = (1 +r/12)^12 -1
Then the value of r is ...
r = 12×((eff rate) +1)^(1/12) -1)
For the given effective rate, that is ...
r = 12×(1.06341^(1/12) -1) ≈ 0.06164 . . . . nominal annual interest rate
<span>idk why they want the dratted "k" . it is so simple w/o it !
in the form y = ab^x, a = 4000, b = 4400/4000 = 1.1, x = t/2
N = 4000*1.1^(13/2) = 7432 <------
-----------------
now you won't be satisfied with simplicity, so
4400 = 4000e^2k
e^2k = 1.1
k = ln 1.1/2 = .0477 to 4 dp
N(13) = 4000e^(13*.0477) = 7436 <------
note that apart from a roundabout way, you get a less accurate ans !</span>
Answer:
When you rent a bicycle think about the time first.
Step-by-step explanation:
Bike it self is 10$
Time is 2$ per hour
2x(10)
Step-by-step explanation:
I don't know if this helps but there is an app call symbols which is free which maybe it can help you to grapgh.
