The effective annual yield is 3.04%
What is effective annual yield?
Effective annual yield is the rate of return that considers the frequency of compounding, in other words, the number of times in a year that interest on the balance is compounded.
The easiest way to determine the effective annual yield in this case is to compare the end of the year balance with the initial balance at the start of the year
effective annual yield=(ending balance/initial balance)-1
ending balance=$4,121.66
initial balance=$4000
effective annual yield=($4,121.66/$4000)-1
effective annual yield=3.04%
Another way to determine the effective annual yield is use the below formula which considers that interest rate is 3% compounded monthly, in other words, n, the frequency of compounding is 12
EAR=(1+r/n)^n-1
r=3%
n=12
EAR=(1+3%/12)^12-1
EAR=3.04%
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Answer: 3x-1
Step-by-step explanation:
3(x-2)+5 you distribute the 3 to (x-2) then you get 3x-6+5 then you add the -6+5 which is one... so the answer is 3x-1
Answer:
For each part selected, the probability of a defective part being produced must be 0.04.
The parts must be selected independently.
Step-by-step explanation:
For each part, there are only two possible outcomes. Either they are defective, or they are not. Each part has a 4% probability of being defective, and the probability of a part being defective is independent of other parts, that is, they are selected independently. These are the conditions under which this situation would be a binomial experiment.
So the correct answers are:
For each part selected, the probability of a defective part being produced must be 0.04.
The parts must be selected independently.
Answer:
Hey,
so first off we need to know our equation for the area of a circle;
A=πr2
So know we plug in what we already know,
sense the diamiter we can figure out the radius (half way across) by simply dividing 18 units by 2 which is 9.
Now we have
A=π9²
That is your answer π9²
Answer:
-1 and 5
Step-by-step explanation:
