The effective rate is calculated in the following way:

where r is the effective annual rate, i the interest rate, and n the number of compounding periods per year (for example, 12 for monthly compounding).
our compounding period is 2 since the bank pays us semiannually(two times per year) and our interest rate is 8%
so lets plug in numbers:
Answer:
n=3/4,-5/3
Step-by-step explanation:
Answer:
an = 1/2 (4)^ (n-1)
a6 = 512
Step-by-step explanation:
The formula for a geometric sequence is
an = a1 (r)^(n-1)
where an is the term of the sequence
a1 is the initial term of the sequence
r is the ratio
and n is the term number
We know a1 = 1/2 and r =4
I will assume that x=6 means we want to know the 6th term
an = 1/2 (4)^ (n-1)
We want to find the 6th term
a6 = 1/2 * 4^(6-1)
a6 = 1/2 * 4^5
a6 = 512
Answer:
41.86 miles each hour
Step-by-step explanation:
Kelli and her family went to the beach for a vacation. They drove 293 miles in 7 hours to get there. ABOUT how many miles did they drive each hour?
This Question is calculated as:
7 hours = 293 miles
1 hour = x miles
Cross Multiply
7 hours × x = 1 × 293 miles
x = 293 miles/7 hours
x = 41.857142857 miles per hour
x ≈ 41.86 miles per hour
Hence, they drove 41.86 miles each hour