1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
poizon [28]
2 years ago
12

Le: Convert an interest rate of 12% p.a. compounded monthly to an interest

Mathematics
1 answer:
stellarik [79]2 years ago
8 0

9514 1404 393

Answer:

  12.1204%

Step-by-step explanation:

The nominal annual rate is 4 times the effective quarterly rate:

  (1 +0.12/12)^3 = 1.030301

so the effective quarterly rate is 3.0301%.

The equivalent annual rate compounded quarterly is 12.1204%.

You might be interested in
What is the solution for the =.
liq [111]

Answer:

solution for n is \frac{-13}{4}

Step-by-step explanation:

Given an equation containing one variable n.

The equation is as follows:

\frac{-5}{2} =\frac{3}{4} +n

To solve for n we can subtract 3/4 from both the sides

The result is

\frac{-5}{2} -\frac{3}{4} =n\\Take LCD as 4\\\\frac{-10-3}{4} =n

Verify:

Substitute the answer in the given equation.

\frac{-5}{2} =\frac{3}{4} -(\frac{13}{4} )

Both sides equal thus proving our correctness of answer.


3 0
3 years ago
Andre is solving the inequality 14x+3 is less than or equal to 8x+3.he first solves a related equation
Arte-miy333 [17]

Answer:

14x+3=8x+3

14x+3 -3 = 8x+3 -3

Cancels out the 3

14x = 8x

14x - 8x = 8x -8x

Cancels out the 8x

14x = 0

x = 0

Step-by-step explanation:

4 0
3 years ago
2y to the power of 2x - 3xz = ?
MrRissso [65]

Answer:

x•(2xy-3z)

Step-by-step explanation:

2x²y -3xz== x(2xy-3z)

6 0
3 years ago
Simplest form of 4/10?​
r-ruslan [8.4K]

Answer:

The answer is 2/5.

Step-by-step explanation:

4 0
2 years ago
Read 2 more answers
The Park family was traveling to Disney World on vacation. They drove 487.5 miles in 7.5 hours. At this rate, how many miles did
andrew-mc [135]

They drove 65 miles per hour

7 0
3 years ago
Other questions:
  • Can you solve a system by substitution without a given variable?
    11·1 answer
  • What is 149.6 billion in scientific notation?
    5·1 answer
  • What is 34x+34x=<br><br><br> Please!!!!
    14·2 answers
  • When the system is executed, the system crashes with probability 0.05 if only Module A fails. The system crashes with probabilit
    6·1 answer
  • 4(a + -5) in expanded form?
    6·1 answer
  • How to convert fractions to the common IN ENGLISH PLEASE(something a dumb 13 year old can understand)
    8·1 answer
  • Martin is driving to his uncle’s farm, which is 240 mi. from home. If he drives at a constant rate of 60 mph, how long will it t
    9·1 answer
  • Quadrilateral ABCD is a square and the length of BD is 14 cm.<br><br> What is the length of AE?
    14·1 answer
  • F(x)=|2x+1|+3<br> g(x)=-2<br><br> find (f+g)(x)
    14·1 answer
  • What is the area of this quadrilateral?<br> 3 ft<br> 4 ft<br> 3 fty
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!