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:
The answer should be 3.3/4
Step-by-step explanation:
Answer:
1.80 this is the correct answer
Answer:
life changes over time?
Step-by-step explanation:
sorry if it is wrong. I havent done this yet
Answer: number 3 is 32 number 4 is 40 minutes
Step-by-step explanation:You see in number 3 it says a millipede has 14 more legs than a caterpillar. Also it states the total of the legs are 46. This means you must subtract. 46-14 is equal to 32. And for number 4 it states the total time of all her classes are 1 hour and 10 minutes. The yoga class is 30 minutes longer. This means you must subtract those 30 minutes from the 1 hour and 10 minutes. 1 hour and 10 minutes- 30 minutes is equal to 40 minutes. This is the answer.
Hope this helps!!
