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.
Answer:
y = 7/2x + 2
Step-by-step explanation:
To put the equation in slope intercept form [ y = mx + b ], we need to solve for y.
14x = 6y - 12
~Subtract 6y to both sides
14x - 6y = -12
~Subtract 14x to both sides
-6y = -12 - 14x
~Divide -6 to everything
y = 2 + 7/3x
~Reorder
y = 7/2x + 2
Best of Luck!
Answer:
506
Step-by-step explanation:
add 503 by 506
Step 2, she didn't multiply 8 by 0.75.
Hope this helps :)
