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Mathematics

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pishuonlain [190]2 years ago

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When calculating a loan’s effective rate, if the interest compounds every two months, what value of n do you plug into your equa

olga2289 [7]

The value of n you plug into your equation will be 6. Then the correct option is C.

<h3>What is compound interest?</h3>

Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.

When calculating a loan’s effective rate.

If the interest compounds every two months.

Then the value of n you plug into your equation will be

If the interest is compounded every two months, the interest will be applied six times every year.

Because there are 12 months in a year, the value of n that you will plug into your equation is 6, and it will be compounded every two months.

More about the compound interest link is given below.

brainly.com/question/25857212

8 0

1 year ago

Read 2 more answers

The circumference of a circular pond is 654 feet.Whats the diameter at a rate of 6 feet per second?

Alex73 [517]

<span>To find the answer we need to find the raduis

Circumference = 2πr
r=</span> $\frac{Circumference}{2 \pi }$
r= $\frac{654}{2 \pi }$
= 104.08

The diameter is 2r, hence the diameter is 208.16

If the rate to cross is 6ft. per second, time can be found by dividing the raduis by 6

It would take 34.7 seconds

8 0

2 years ago

I need help, I don’t need an explanation, just the answer

meriva

Answer:

$x = 48 \: \: \: \: \: \: y = 16$