The answer to this is 3645
In this question a vital information has been provided. This information can be used for determining the answer to the question that is asked. It is given that 120% of a certain number is 360 pound. The 100% value of the number needs to be determined.
Let us assume the number to be = x
Then
120x/100 = 360
12x/10 = 360
12x = 360 * 10
12x = 3600
x = 3600/12
= 300
Now we can say that the 100% of the number or the actual number is 300 pounds. I hope the problem is clear to you and you can understand the trick involved in the question.
Answer:
a. 7
Explanation:
A coefficient is the number in front of the variable that is to be multiplied by said variable. Simply identify the coefficient in the term provided to solve the problem.
Answer: 2.01%.
Step-by-step explanation:
Suppose Alex invests $1 into the account for one year. The formula is A=P0⋅(1+rk)N⋅k with P0=$1. We know that r=0.02 and k=2 compounding periods per year. Now, N=1 year. Substituting the values we have A=$1⋅(1+0.022)2=$1.0201. Now, to calculate the effective annual yield, we will use the formula rEFF=A−P0P0. rEFF=1.0201−11=0.0201 or 2.01%. When rounded to two decimals, rEFF=2.01%. However, do not include the % in your answer.
