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Nataly_w [17]
4 years ago
9

Anna’s bank gives her a loan with a stated interest rate of 10.22%. How much greater will Anna’s effective interest rate be if t

he interest is compounded daily, rather than compounded monthly?
Mathematics
1 answer:
nekit [7.7K]4 years ago
6 0
If the interest rate is compounded daily, we have the effective interest rate calculated as:
r = (1 + 0.1022/30)^30 -1
r = 0.1074 or 10.74%

Therefore, the effective interest rate if the compounded daily rather than monthly is 10.74-10.22 = 0.52 points higher.
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The total loss is 17.5 yards.
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Find the equation of the exponential function that passes through the points (- 1, 1/6) and (1, 2/3) and Use the form y = c * a
icang [17]

Answer:

  • y = 1/3*2^x

Step-by-step explanation:

<u>Given function</u>

  • y = c*a^x

The points (-1, 1/6) and (1, 2/3) lie on the graph

<u>Substitute the values of x and y to get the system of equations:</u>

  • 1/6 = c*a^(-1) ⇒ 1/6 = c/a ⇒ a = 6c
  • 2/3 = c*a^1 ⇒ 2/3 = ac

<u>Substitute a and solve for c:</u>

  • 2/3 = 6c*c
  • 1/9 = c²
  • c = √1/9
  • c = 1/3

<u>Find a:</u>

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3 years ago
Describe three different ways animals get food
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A hiker walks at a speed of 3 2 5 kilometers per hour. How many kilometers will the hiker walk in
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Answer:

  = 2  4/15 km

Step-by-step explanation:

Speed = 3 2/5 km/hour

The units are not the same.  The speeds is in hours and the time is in minutes

Lets convert minutes to hours.  60 minutes = 1 hour

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Change the mixed number to an improper fraction

  3 2/5 = (5*3+2)/5 = 17/5

                   = 17/5 * 2/3

                  = 34/ 15  km

Change this back to a mixed number

 15 goes into 34 2 times  (15*2 = 30)  with 4 left over

                  = 2  4/15 km

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4 years ago
A restaurant charges $1.30 for one biscuit and two eggs it charges $2.15 for two biscuits in three eggs what is the cost of one
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Answer:

$1.85

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2.15

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1.85

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