Point III is about <em>real interest rate</em>
point I doesn't apply since both nominal and effective ir are calculated by year
let alone the fact that if you look close to those numbers it would probably mean that the loan had 1year and 1 day duration :)
the II answer is the correct one
if the loan is compounded at 6 months you have to add the interest of the first 6 months interest to the total interest to find out the effective interest rate
Answer:D 16inches by 8 inches
Step-by-step explanation:
Answer:
Isolate the variable by dividing each side by factors that don't contain the variable.
y
=
Yes,
There is a direct proportional relationship
between the cost of items before tax and the
cost of items after tax.
5.0
Step-by-step explanation:
Given - A city has a 5% sales tax.
To find - Is there a proportional relationship
between the cost of items
before tax and the cost of items after
tax?
Proof
Yes, cost of items before tax is directly
proportional to cost of items after tax.
Reason
With the increase in the sales tax, there is
increase in the cost of items after tax, therefore,
there is a direct relation between cost of items
before tax and cost of items after tax.
