The answer is b or d you choose
15.99 + 9.99 = 26
26 x 4 = 104
26 x 3 = 78
your answer is 3
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.
Answer:
Step-by-step explanation:
X/7=3/2 multiply by : 5
x = 21/2