Answer:
12.36%
Step-by-step explanation:
For year 1:
T(1) = 1000(1.06)¹
T(1) = 1060
After two years, t = 3
T(3) = 1000(1.06)³
T(3) = 1191.06
The percent of the increase is
[(T(3) - T(2)/T(2)]*100%
[(1191.06 - 1060)/1060]*100%
12.36%
Given that <span>−13°F < −12°F < −9°F.
</span><span>The inequality statements show that −13°F is 1 colder than −12°F, and −9°F is 3 warmer than −12°F.</span>
No Cheating On A Test 5/5^÷3x^4=1
Answer:
Effective annual yield = 0.05094534 or 5.094%
Step-by-step explanation:
Given:
Rate of interest (r) = 5% = 0.05
Interest = compounded quarterly
Find:
Effective annual yield = Y
Computation:
Effective annual yield = 0.05094534 or 5.094%