Answer:
x = 9
Step-by-step explanation:
Since the figures are similar then the ratios of corresponding sides are equal, that is
=
( cross- multiply )
12(x - 1) = 96 ( divide both sides by 12 )
x - 1 - 8 ( add 1 to both sides )
x = 9
The answer to this question is 15
Answer:
effective annual rate is 6.16 %
Step-by-step explanation:
given data
rate = 6 % = 0.06
time 5 year = 10 semi annually
to find out
effective annual rate
solution
we know formula for annual effective rate of interest is
rate of interest =
-1
put here all value
rate of interest =
-1
rate of interest =
-1
rate of interest = 0.061646
so effective annual rate is 6.16 %
Only if the individual doing the calculation makes a substantial mistake.
Any fraction with the same quantity in the numerator and denominator
always has the value of ' 1 ', (provided only that the quantity is not zero).