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malfutka [58]
3 years ago
9

PLEASE HELP I NEED THIS DONE Chan deposited money into his retirement account that is compounded annually at an interest rate of

7%. Chan thought the equivalent quarterly interest rate would be 2%. Is Chan correct? If he is, explain why. If he is not correct, state what the equivalent quarterly interest rate is and show how you got your answer.
Mathematics
1 answer:
rjkz [21]3 years ago
8 0

Answer:

No, equivalent quarterly rate will be approx 1.75%

Step-by-step explanation:

Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.

We know that there are 4 quarters in 1 year.

So to find that equivalent quarterly we will divide given yearly rate by number of quarters.

That means divide 7% by 4.

which gives 1.75%.

But that is different than Chan's though of 2% quarterly interest.

Hence Chan is wrong.

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Priscilla received 240 votes in the election for student council president. That was 60% of the students who voted in the electi
stira [4]

Answer:

400 students voted in the election

Step-by-step explanation:

Given:

Total number of votes received by Priscilla = 240

This was 60% of the students who voted in the election.

To find: Total number of students who voted in the election

Solution:

Total number of votes received by Priscilla = 60% of Total number of students who voted in the election

240 = 60% of Total number of students who voted in the election

240 = \frac{60}{100} × Total number of students who voted in the election

So,

Total number of students who voted in the election =\frac{240(100)}{60}=400

8 0
3 years ago
Complete the table. Use one of the approximate values for T discussed in class (for
gavmur [86]

Answer/Step-by-step Explanation:

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7 0
3 years ago
N is a negative integer, and p is a positive integer.
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Answer:

Option C) The two quantities are equal.

Step-by-step explanation:

We are given the following in the question:

n is a negative integer and p is a positive integer.

Quantity A: The product of the integers from n to p

Quantity B: 0

Quantity A is the product of integers from n to p. Since all the integers from n to p will include zero between them, thus the product of all the integers from n to p will be zero.

The product takes place in the following manner:

-n_x\times -n_{x-1}\times....\times -n_1\times 0\times p_1\times...\times p_{y-1}\times p_y = 0

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Option C) The two quantities are equal.

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Answer:


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