Answer:
This equation has no solution
Step-by-step explanation:
if the same equation equals 2 different numbers then therefore there is no solution.
Answer:
APY = 0.04 or 4%
Step-by-step explanation:
Given the annual percentage rate of 3.5% that is compounded quarterly, and a principal of $6,500:
We can use the following formula to solve for the annual percentage yield (APY):

where <em>r</em> = interest rate = 3.5% or 0.035
<em> n</em> = number of compounding periods per year = 4
We can plug in the values into the equation:




APY = 1.03546 - 1
APY = 0.04 or 4%
Multiply the amount per dollar offered by a bank, by the number of dollars you want to exchange it all depends on exchange rate they have it at.
The answer is C
If you divide 8 by 200 it becomes 0.04 which is 4/100 in fraction form. If you simplify it then become 1/25.