Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
The answer is -48 ,
3x4(-4)=
12(-4)=
-48
Answer:
y=3x
Step-by-step explanation:
If y is the total distance from the shore and it increases by 3 miles every hour, then by plugging in the amount of hours that have passed into x we will find the distance they have traveled. For example, if they have been out for 5 hours then you would do y=3(5) which would be 15 miles from the shore.
Answer:
A. 70 dimes, 30 quarters
Step-by-step explanation:
Only options A and B create a total of 100 coins. It cannot be option B because 80 quarters by itself, is already over $14.50.