Base on my calculations, the answer is not in the choices given. First, we have to acknowledge that the interest rate given is not the effective interest rate instead it is called the nominal interest rate therefore we have to convert it first to an effective interest rate. We use the following formula:
Effective Interest rate = [[1 + (r/m)]^m] - 1 where r is the nominal interest rate and m is the number of compounding times
For this case, m is equal to 2 since it is compounded semianually.
Effective Interest rate = [[1 + (.12/2)]^2] - 1 = .1236
We then use the calculated effective interest rate to the formula for the Compound Interest Rate Formula.
Future Value = Present Value (1 + Effective interest rate)^(no. of years)Future Value = 3000 (1 + .1236)^( 3) = 4255.56 dollars
When you divide 98 by 5194, you get 0.01886 to be almost exact
Answer: (1,1) (1,2))
Step-by-step explanation: Use desmos.com/calculator
Hello the answer would be 18
Explanation:
lines KH and JK are congruent.
Line KH=c+18
Line JK=2c
2c=36 divide by 2
c=18
I don’t know how to explain it any other way.. sorry if you don’t understand but mark my answer as brainliest if it helped you out, please.
Answer:
Ray AC and Ray BC
Step-by-step explanation:
