Answer:
0.30
Step-by-step explanation:
$6 Total
20 markers
6/20=0.30
0.3 per maker.
Cost of 1 marker is $0.30
From the recursive rule, you can tell the initial value is 3 and the common ratio is 12. The explicit rule is always
.. (n-th term) = (initial value)*(common ratio)^(n -1)
Subsituting the values you know, you have
.. an = 3*12^(n-1)
When calculating the loan's effective rate, the most accurate statement is that the effective rate will exceed the nominal rate.
<h3>Effective Annual Rate:</h3>
The interest rate for the entire year is known as the effective annual rate (EAR). Interest charges are incurred when a company uses debt or capital leases to fund its operations.
Interest is reported on the income statement, but it can also be generated on an investment or paid on a loan over time due to compounding interest.
It is frequently larger than the marginal rate and is used to compare various financial products with different compounding periods, such as weekly, monthly, and yearly.
The effective yearly interest rate rises over time as the number of compounding periods increases.
Therefore, the correct option is A.
Learn more about the loans here:
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Answer: 
Step-by-step explanation:
<h3>
The complete exercise is: "Line segment YV of rectangle YVWX measures 24 units. What is the length of line segment YX?"</h3><h3>
The missing figure is attached.</h3>
Since the figure is a rectangle, you know that:
Notice that the segment YV divides the rectangle into two equal Right triangles.
Knowing the above, you can use the following Trigonometric Identity:
You can identify that:
Therefore, in order to find the length of the segment YX, you must substitute values into and then you must solve for YX.
You get that this is:
Answer:
It would take 10 years for the given sum of money be doubled at the given simple interest rate.
Step-by-step explanation:
A 10% interest would be added to the the principal amount after each year. So the interest would reach 100% i.e. equal to the principal amount in 10 years.
