Answer:
E
Step-by-step explanation:
so much words sis sossy
Answer:
Step-by-step explanation:
15/45 * 100
=33.33%
The effective rate is calculated in the following way:
![r = {(1 + \frac{i}{n} )}^{n} - 1](https://tex.z-dn.net/?f=r%20%3D%20%20%7B%281%20%2B%20%20%5Cfrac%7Bi%7D%7Bn%7D%20%29%7D%5E%7Bn%7D%20-%201)
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:
6/90/45/30/18/9/2
Step-by-step explanation:
15: 3/5/15/1
45: 45/1/9/5/15/3/
90: 90/1/9/10/45/2/15/6/3/30/5/18