Answer:
Chan is not correct.
The correct equivalent quarterly interest rate is 1.3108% per quarter.
Step-by-step explanation:
Given that Chan deposited money into his retirement account.
The interest was 7% compounded annually.
Let P be the amount invested and F the final amount got after 1 year
If compounded annually,
F = P(1+0.07) = 1.07P
If compounded quarterly, no of quarters = 4
F = 
= 1.3108P
Hence equivalent interest rate = 1.3108% and not 2%
Answer:
Number of students= 820.64 = 821
Step-by-step explanation:
Giving the following information:
Current attendance= 950 students
Number of periods= 3 years
Decrease rate= 5%
<u>To calculate the number of students in attendance in 3 years, we need to use the following formula:</u>
Number of students= current attendance*(1+decrease rate)^(-n)
Number of students= 950*(1.05^-3)
Number of students= 820.64 = 821
Answer:
I think it is 60w2+2640w−11520
Step-by-step explanation:
pls brailiest
Answer:
Yes, this is correct.
Step-by-step explanation:
Assuming the first equation was a = b, yes. a * c = a * b will also be true. This is known as the Multiplication Property of Equality
Answer:
51
Step-by-step explanation:
