Answer:$1.62
Step-by-step explanation:
.35 x $2.49=.87
2.49 - .87 = 1.62
Do 12/16 which equals 0.75
0.75 is equal to 3/4
so the answer is 3/4
Hope this helps!
Answer:
Effective annual yield = 0.05094534 or 5.094%
Step-by-step explanation:
Given:
Rate of interest (r) = 5% = 0.05
Interest = compounded quarterly
Find:
Effective annual yield = Y
Computation:

Effective annual yield = 0.05094534 or 5.094%
Answer:
0.87
Step-by-step explanation:
7+7+9+4+2+8 = 37
37/2.05 =
0.87