Answer:
12.68%
Step-by-step explanation:
To calculate effective annual interest rate we need to use the following formula:
Where, 'i' is the effective annual interest rate
'r' is the annual rate of interest
'm' is the frequency of compounding.
When there is continuous compounding the effective annual rate uses the following formula:
In our case we would are assume that there is continuous compounding since no information regarding the frequency of compounding is given:
Plugging r=12%=0.12, we get:
Therefore, the effective annual interest rate is 12.74%.
Answer:
35
Step-by-step explanation:
ok let's look at these old farts.
alvin is 8 years older than elga, so elga needs 8 more years to be as old as Alvin is. AKA,
Alvin = Elga + 8
The sum of their ages is 78.
Alvin + Elga = 78
Now put the equations together,
(Elga + 8) + Elga = 78
2 * Elga = 70
Elga = 35
Therefore, Elga is 35 years old! So old !!
Can u go closer I can’t see
Answer: 4y³-2
<em>I hope this helps, and Happy Holidays! :)</em>
X=-56/3
multiply everything by 4 to cancel the fraction which will give you
3x+20=-36
then combine like terms to get
3x=-56
then divide to get x by itself to get
x=-56/3
since this is a weird decimal, leave it as an improper fraction
