he Ruiz family is exchanging euros for US dollars. The exchange rate is 1 euro equals 1.35261 USD. Since the Ruiz family knows t
1 answer:
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Answer:
Option C.
Step-by-step explanation:
In △ONM and △SRQ,
We need to find the value of x that will make △ONM similar to △SRQ by the SAS similarity theorem.
According to SAS similarity theorem, two triangle are similar if two corresponding sides in both triangles are proportional and the included angle in both are congruent.
It is given that . So, both triangles are similar by SAS if
Substitute the given values.
Divide both sides by 8.
Therefore, the correct option is C.
Answer:
a) Effective annual rate: 18.6%
b) Effective annual rate: 20.27%
c) Effective annual rate: 20.43%
d) Effective annual rate: 20.44%
Step-by-step explanation:
The effective annual interest rate, if it is not compounded continuously, is given by the formula
where
<em>C = Amount of the credit granted </em>
<em>r = nominal interest per year </em>
<em>n = compounding frequency </em>
<em>t = the length of time the interest is applied. In this case, 1 year. </em>
In the special case the interest rate is compounded continuously, the interest is given by
(a) Annually
The effective annual rate is 18.6%
(b) Monthly
<em>There are 12 months in a year </em>
The effective annual rate is 20.27%
(c) Daily
<em>There are 365 days in a year </em>
The effective annual rate is 20.43%
(d) Continuously
The effective annual rate is 20.44%