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2 years ago

How does a digit in the ten thousands place compare to a digit in the thousands place?

Mathematics

1 answer:

Lapatulllka [165]2 years ago

7 0

I think you mean ten thousandths place which would be like this, the ten thousand would be ten thousand times BIGGER than one, while the ten thousandth would be ten thousand times SMALLER than one

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3 years ago

Effective Rate find the effective rate of interest corresponding to a nominal rate of 7.5% per year compounded.

Jlenok [28]

Answer:

(A) 7.5 %

(B) 3.75 %

(D) 0.625 %

Step-by-step explanation:

We have given effective rate of interest r = 7.5%

(a) Annual rate of interest will be equal to 7.5 %

(B) As we know that 1 year = 12 months

And interest is compounded semiannually

1 semiannual = 6 months

So semiannual rate of interest will be equal to $\frac{7.5}{2}=3.75$ %

So number of period in an year = 3

So rate of interest quarterly $=\frac{7.5}{3}=2.5$ %

(D) Amount when amount is compounded monthly '

So number of period in an year = 12

So rate of interest $=\frac{7.5}{12}=0.625$ %

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3 years ago