The equation for compound interest is:
Where r is the interest rate and n is the number of times per year it's applied. Annually n = 1 and 7% interest r = 0.07 The quarterly rate 2% is already quartered 0.02 = r/n .
You can see that Alexander is incorrect. A quarterly compound interest rate of 2% will accrue more interest than a 7% compound annual interest rate.
1.7% compound quarterly Hope this helps:)
Answer:
18
Step-by-step explanation:
Answer:
x= 27
Step-by-step explanation:
a triangle always has 180 degrees, therefore:
(3x-17)+(x+40)+(2x-5)= 180
6x+18=180
6x=162
x=162/6
x=27
