The effective annual rate will be 15.87%.
Suppose that your bank pays you 15% annual interest that is compounded quarterly. What is the effective annual interest rate?
Annual Interest Rate= 〖(1+ r/n)〗^n -1
where:
r=Nominal interest rate
n=Number of periods
=〖(1+0.15/4)〗^4 – 1
= 1.15865 - 1
=0.15865
I = 0.15865 x 100
= 15.865 %
= 15.87%
What is meant by annual interest rate?
The interest rate that is applied throughout a year is referred to as the annual interest rate. Interest rates may be imposed monthly, quarterly, or biannually, among other time frames. However, interest rates are typically annualized.
Which is the definition of an effective annual rate?
The actual return on a deposit after accounting for the number of times interest is paid over the course of a year is known as the effective annual rate. Comparing deposits using the cumulative power of generating interest on interest serves as a benchmark.
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Answer:
The answer to this question is option C. $560
Explanation:
We can let the price of each hollow pine door = d and of each solid oak door = 2d.
Since each pine door = 40, d = 40, and the regular price of each solid oak door is (2)(4) = 80.
With a 25% discount, each solid oak door is 0.75(80) = 60.
So, the six oak doors cost 6 x 60 = 360 dollars, and the five pine doors cost 5 x 40 = 200 dollars. Thus, the total is 560 dollars.
Hence the answer is C
Answer:
Patent
Explanation:
A patent allows one to trademark or copyright and invention in a sense, which in turn allows the inventor exclusive rights to their invention
Brainliest please? I just need one more for the next rank
Answer:
- Leadership and teaching skills
- Knowledge of instructional design and psychology
- Knowledge of school policies
- Maintenance of classroom discipline
- Communication skills for dealing with students, families, and coworkers
Explanation:
The Education and Training cluster comprises teachers, administrators, and professional student support staff. They work in schools and other educational institutions. Professional in the cluster help students achieve their educations objectives by helping them in academics and providing psycho-social support.
The skills required in this cluster revolve around effective teaching, school administration, and the ability to create good working relationships with students, colleagues, and other stakeholders.
