Answer:
6.5%
Step-by-step explanation:
Is means equals and of means multiply
Let P be the percent
P * 120 = 7.8
Divide each side by 120
P* 120/120 = 7.8/120
P = .065
Change to percent form
6.5%
Answer:
3.045%.
Step-by-step explanation:
We are asked to find the corresponding effective interest rate for 3% per year compounded continuously.
We will use effective interest formula to solve our given problem.
, where,
r = Effective interest rate,
e = Mathematical constant,
r = Interest rate in decimal form.
Let us convert given interest rate in decimal form.

Substitute values:




Convert into percentage:

Therefore, the corresponding interest rate would be 3.045%.
Answer:
Eliminating the parameter, the equation is 
Step-by-step explanation:
We are given the following parametric equations:


We want to eliminate the parameter t. From the first equation:


Replacing in the second equation:


Eliminating the parameter, the equation is 