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Oduvanchick [21]
3 years ago
12

What digits can you insert so that 4 6 rounds to 500

Mathematics
1 answer:
Annette [7]3 years ago
3 0
You can round 46 to 50, not 500
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Step-by-step explanation:

The effective annual interest rate, if it is not compounded continuously, is given by the formula

I=C(1+\frac{r}{n})^{nt}-C

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(b) Monthly

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I=C(1+\frac{0.186}{12})^{12}-C=C(1.2027)-C=C(0.2027)

The effective annual rate is 20.27%

(c) Daily

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The effective annual rate is 20.43%

(d)  Continuously

I=Ce^{0.186}-C=C(1.2044)-C=C(0.2044)

The effective annual rate is 20.44%

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