55% of x is 70
0.55 times x=70
divide both sides by 0.55
127.27272727
round
127.3
Answer:
quarterly N = 4
semi-annually N = 2
Monthly N = 12
annually N = 1
Step-by-step explanation:
Given the following compound interest times :
N = number of times interest is compounded per period :
A period is regarded as a whole year.
Interest compounded;
QUARTERLY = Every 4 months per period = 12/3= 4
SEMI ANNUALLY = Every 6 months per period = 12/6 = 2
MONTHLY = Every month = 12 / 1 = 12
ANNUALLY = Every 12 months = 12 /12 = 1
