Answer:
210 hours
Step-by-step explanation:
<u>Step 1: Make an expression</u>
(2/3 * 1575) / 5
<u>Step 2: Multiply</u>
(2/3 * 1575)/5
(1050) / 5
<u>Step 3: Divide</u>
(1050) / 5
210 hours
Answer: 210 hours
Answer:
7.12
Step-by-step explanation:
The formula for the effective annual yield is given as:
i = ( 1 + r/m)^m - 1
Where
i = Effective Annual yield
r = interest rate = 7% = 0.07
m= compounding frequency = semi annually = 2
i = ( 1 + 0.07/2)² - 1
i = (1 + 0.035)² - 1
= 1.035² - 1
= 1.071225 - 1
= 0.071225
Converting to percentage
0.071225 × 100
= 7.1225%
Approximately to 2 decimal places = 7.12
Therefore, the annual effective yield = 7.12
Answer:
Step-by-step explanation:
we know that
therefore
