Answer:
16.52%
Step-by-step explanation:
The effective interest rate is the real interest rate you have to pay on a loan when the compounding effect is considered. The formula to calculate it is:
Effective annual interest rate= (1+
)^n-1
i= interest rate: 15.3%
n= number of compounding periods: 365 as it is compounded daily and a year has 365 days.
Effective annual interest rate= (1+(0.153/365))^365-1
Effective annual interest rate= 0.1652→16.52%
According to this, the effective interest rate is 16.52%.
Answer:
a) the ratio for games to rides is 30:18 and 5:3 in simplest form
b) the ratio for rides to water slides 18:8 and 9:4 in simplest form
c) the ratio for water slides to games is 8:30 and 4:15 in simplest form
Answer: 48
Step-by-step explanation: 10% of 480 would be 48 because your finding 10% of 480. for example: 10% of 100 would be ten because if you multiplied 10 times 10 it would be 100.