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olga55 [171]
3 years ago
7

If the annual interest rate is 6%, and interest is compounded monthly, the interest rate per period is: ____%

Mathematics
1 answer:
Elenna [48]3 years ago
7 0

Answer:

1) 0.5 %

2) 16

Step-by-step explanation:

Since, a year = 12 months,

1 month = \frac{1}{12} year,

1) If the interest is compounded monthly,

Then, the rate per period =  \frac{\text{Annual rate}}{12}

Given, annual rate = 6%,

So, the rate per period = \frac{6}{12} = 0.5%,

2) 1 year = 4 quarters,

If the loan is of 4 year and it is compounded quarterly,

Then, the number of compounding periods = number of years × 4

= 4 × 4

= 16

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4x - 7 (2 - x) = 3x + 2
juin [17]

Answer:

x=2

Step-by-step explanation:

4x−7(2−x)=3x+2

4x+(−7)(2)+(−7)(−x)=3x+2(Distribute)

4x+−14+7x=3x+2

(4x+7x)+(−14)=3x+2(Combine Like Terms)

11x+−14=3x+2

11x−14=3x+2

Step 2: Subtract 3x from both sides.

11x−14−3x=3x+2−3x

8x−14=2

Step 3: Add 14 to both sides.

8x−14+14=2+14

8x=16

Step 4: Divide both sides by 8.

x=2

3 0
3 years ago
<img src="https://tex.z-dn.net/?f=8%20%5E%28x%29%2B32%20x%5E%7B2%7D%2B4" id="TexFormula1" title="8 ^(x)+32 x^{2}+4" alt="8 ^(x)+
Grace [21]

Answer:

Step-by-step explanation:

Rearrange the terms and take out a common factor of 4

4(8x^2 + 2x + 1)

I think this is as far down as you want to take it. It gives an imaginary root which you may not be familiar with.

4 0
3 years ago
Please go to my profile and answer my last question
Alex Ar [27]

Answer:

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Step-by-step explanation:

8 0
3 years ago
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74$ for working 6 hours.what is the hourly pay rate in hours per dollar
fgiga [73]

Answer:

.081 hours per dollar

$12.333 dollars per hour

Step-by-step explanation:

I'm a bit confused whether you just want hours per dollar or also dollars per hour, so I'll answer both.

First, for the dollars per hour, you want to do 74 divided by 6 equals 12 1/3. So each hour you get paid $12.333

Fort the hours per dollar, you do 6 divided by 74 equals .081.

5 0
3 years ago
A culture of 100,000 bacteria triples every hour. How many bacteria were there 3 hours ago? (easy steps please)​
Crank

Answer:

If it multiplies by 3 each hour, you would divide by three if you are looking for the first term. It is Geometric Sequence.

Step-by-step explanation:

100,000/3=33333.3333333 (1/3)

5 0
3 years ago
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