Answer:
effective annual rate is 6.16 %
Step-by-step explanation:
given data
rate = 6 % = 0.06
time 5 year = 10 semi annually
to find out
effective annual rate
solution
we know formula for annual effective rate of interest is
rate of interest =
-1
put here all value
rate of interest =
-1
rate of interest =
-1
rate of interest = 0.061646
so effective annual rate is 6.16 %
Answer:
Step-by-step explanation:the answer to your question is the value of the 6 is 6,000,000
Answer:
1.416 repeating
Step-by-step explanation:
6 x 4 = 24, then do 24 - 7 = 17, then do 3 x 4 = 12, then divide 17 and 12 to get 1.416 repeating
Answer:
12
Step-by-step explanation:
412 ÷ 34 = 12.1176...
Round down to 12 cakes