Answer:
The nominal annual interest rate is 15%.
The effective interest rate is 16.08%.
Step-by-step explanation:
$9,375 = $325 (P/A, i%, 36)(P/A, i%, 36)
= $9,375/$325= 28.846
From compound interest tables, i = 1.25%
Nominal Interest Rate= 1.25 x 12= 15%
Effective rate = (1+ (0.15/36))^36-1=1.004^36-1= 16.08%
It is fractions on a number line right?
Answer:
15 minutes
Step-by-step explanation:
You must find the unit rate.
You can find this by dividing 16 miles by 20 minutes
This formula would find how many per minute
The answer would be .64 miles per minutes.
Then Multiply .64 by 12 which would give you the answer of 7.68
Height of the flagpole = x
distance from flagpole to the mirror = 48 ft
height of Michele = 5 ft
distance from Michele to the mirror = 12 ft
Now, set the proportion.
x/48 = 5/12
48 * x/48 = 5/12 * 48
x = 240/12
x = 20
So, the height of the flagpole is 20 ft.
HOPE THIS HELPS!!!!
