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 %
The answer is 648.
You have to multiply 36 by 18 to get 648
36×18 = 648
Hope that Helps :]
1/6 of 18 is 3
1/9 of 18 is 2
3+2= 5
He lent 5 markets in total
Answer:
A. $56,182
Step-by-step explanation:
$3131 x 14= $43834
$882 x 14= $12348
$43834 + $12348= $56,182
$56,182 x 1= $56,182