Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
Answer:
2x + 1 = 15
Step-by-step explanation:
All you have to do is divided the other two numbers and than find out what y I and divide that than you will get it
2 * 10^2
Divide the first numbers, which are 6 and 3, to get 2. Then, subtract the powers of the exponents, which are 5 and 3, to get 2.