Answer:
3.6
Step-by-step explanation:
Answer:
(1) The annual interest rate is 10%, that is greater than 8%
(2) The annual interest is bigger than 22.47% and that is greater than 8%
Step-by-step explanation:
We have the equation:

Where I is the earns in interest, n is the number of years and r is the annual interest rate.
For the first case, we can replace I by $210 and n by 2 as:

Solving for r, we get:







So, for the first case, the interest rate paid by the bank is 10% and it is greater than 8%
For the second case, we need to take the equation and solve for r as:





So, for the second case the rate need to be bigger than 22.47% and that is bigger than 8%
Do the operation:
3, 16, 24 | 2
3, 8, 12 | 2
3, 4, 6 | 2
3, 2, 3 | 2
3, 1, 3 | 3
1, 1
Answer:

Hope it helped,
Happy homework/ study/ exam!
-4, +1
And then the 20 letters i need to write are right here
9514 1404 393
Answer:
$935.11
Step-by-step explanation:
The amount is given by the formula ...
A = P(1 +r/n)^(nt) . . . P invested at rate r for t years compounded n per year
A = $850(1 +0.024/2)^(2·4) = $935.11
The amount accumulated will be $935.11 after 4 years.