If you're asking how, here's an example
A standard form equation is when it is set up.
Ax + By = C.
6x + 2y = 4.
A slope-intercept form equation is when it is set up y=mx+b.
Y = - 3x + 2.
4y = -8x + 16 then divide all by 4.
y = -2x + 4 slope form.
Answer:
effective annual rate is 6.16 %
Step-by-step explanation:
given data
rate = 6 % = 0.06
time 5 year = 10 semi annually
to find out
effective annual rate
solution
we know formula for annual effective rate of interest is
rate of interest = -1
put here all value
rate of interest = -1
rate of interest = -1
rate of interest = 0.061646
so effective annual rate is 6.16 %