Answer:
6% monthly
Step-by-step explanation:
The monthly rate being compounded when the interest is 6% per year is ...
6%/12 = 0.5%
so the multiplier each month is
1 + 0.5% = 1.005
___
The monthly multiplier when 5.86% is compounded continuously is ...
e^(5.86%/12) ≈ 1.004895
The 6% rate will give a larger yield after any length of time.
If the polygons are similar, then the top side is equal to one half of the left side.
Since side (x -1) = 8, then x = 9.
To do this we need to find the factors of 60 these are:
1 and 60
2 and 30
3 and 20
4 and 15
5 and 12
6 and 10
There is 1 pair that have a difference of 7 and that is 5 and 12
