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Anna007 [38]
4 years ago
15

When calculating the effective rate of a loan, which statement or statements must be true if n is equal to 1?

Mathematics
2 answers:
Tresset [83]4 years ago
6 0

Answer:

A

Step-by-step explanation:

Vlad [161]4 years ago
3 0

Answer:

Choice A is correct

Step-by-step explanation:

When calculating the effective rate of interest of a loan, the nominal rate of interest will be equal to the effective rate and the interest is compounded annually in the event that n is equal to 1.

If the duration of the loan, n, is 1 then the nominal rate and the effective rate will always be equal. Moreover, the interest rate charged on the loan is usually stated as an Annual Percentage Rate (APR) of charge compounded annually

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I need help please 12.54 + 28.68
andre [41]

Answer:

41.22

Step-by-step explanation:

12+28 = 40

0.54 + 0.68 = 1.22

40 + 1.22 = 41.22

5 0
3 years ago
Read 2 more answers
Every week, Michelle is paid d dollars for having worked h hours. Which statement describes the relationship between d and h?
expeople1 [14]

Answer:

A

Step-by-step explanation:

h determines how much d she will get and hence B and D are wrong

independent variable means the cause

dependent variable means the effect

5 0
3 years ago
A ramp rises 2.9 ft vertically and extends 58 At horizontally. Find the slope of the ramp.​
Ymorist [56]

Answer:

0.05

Step-by-step explanation:

The formula for slope is rise/run.

So, in this case it would be 2.9ft/58ft = 0.05

8 0
3 years ago
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The fat content for seven different sandwiches at a restaurant is 42, 61, 13, 9, 12, 42, and 62. Find the mean, median and mode
cestrela7 [59]
The mode of the given data set is 42, becuase mode is define as the number with the must number of responses or result.
The mean of the given data set is 26.89, because it is define as the average of the data set
The median of the data set is 42, it is define as the middle figure when the data set is already arrange ascending or descending.
6 0
3 years ago
Diego plans to build an extension to his rectangular model bridge. Let x represent the increase, in centimeters, of the model's
marishachu [46]

Answer:

(21x+168)cm²

Step-by-step explanation:

If the expression 2 1 (x + 8) represents the area of the model bridge, where 2 1 is the width, in centimeters, and (x + 8) represents the extended length, the expression that is equivalent to 21(x+8) can be gotten by expanding the function. The expansion of the function will give the area of the rectangular model bridge as shown;

21(x+8) = 21x+ 168

The expression equivalent to 21(x+8) is therefore (21x+68)cm²

Note that the the unit of the value and function given is in cm therefore the unit of their equivalent expression will be in cm²

8 0
3 years ago
Read 2 more answers
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