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.
12!!!! Hope this helped and good encouragement
Answer:
Ella grew
of an inch more
Step-by-step explanation:
For this problem, you want to subtract Ben's growth from Ella's.
This expression would be
-
.
To work these out, they must have the same denominator (which should be the lowest common multiple or LCM).
In this case, the LCM is 12, so you want to multiply each side so the denominator is 12. This means the first fraction should be multiplied by
and the second by
.
This makes the expression
-
, which equals
.
**This content involves adding and subtracting fractions, which you may want to revise. I'm always happy to help!
<span>126.4% of 158 = 199.712</span>
It would be c because this isn't transforming it