To find the effective interest rate the formula is
R=(1+r/k)^(k)-1
R=?
r=nominal Interest rate 0.1364
K=compounded daily 365
Plug in the formula
R=(1+0.1364÷365)^(365)−1
R=0.1461 This the effective interest rate 14.61%
As you can see that the effective interest rate is greater than the nominal interest rate by
0.1461−0.1364=0.0097×100=0.97%
So the answer is a
Hope it helps!
To get the average you need to add all the numbers together and divide by the match number. So, 98+25+105+62+65=355. 355/5=71, therefore the average is 71
Answer:
a=14, b=58, c=26.5
Step-by-step explanation:
Answer:
C.-1.6
Step-by-step explanation:
distance: -1 - (-2) = 1
1 ÷ 5 = 1/5
-1 - 1/5 × 3 = -1 3/5 = -1.6
Answer:
1/12
Step-by-step explanation:
Since 1/4 drank fanta orange and 1/3 took coca cola, the. remainder will be:
= 1 - (1/4 + 1/3)
= 1 - 7/12
= 5/12
Therefore, 1/5 of the remainder drank sprite, the fraction that drank sprite will be:
= 1/5 × 5/12
= 1/12
