Solve and show work What is 10% of 40
2 answers:
You might be interested in
She is starting at 4000, so that is the y-intercept of the graph. She is descending at 40 feet per minute, so her rate of change or slope is -40. The graph would look like this:
The nominal rate to plug in will be 0.085.
Given to us, the nominal rate is 8.5%,
The value to plug into your equation,
The equation can be simple interest or compound interest in both cases the value of the nominal rate to the plugin will be the same.
Thus, the nominal rate is 8.5% can be written as
Hence, the nominal rate to plug in will be 0.085.
To know more visit: