Answer:
6
Step-by-step explanation:
Answer:
The nominal annual interest rate is 15%.
The effective interest rate is 16.08%.
Step-by-step explanation:
$9,375 = $325 (P/A, i%, 36)(P/A, i%, 36)
= $9,375/$325= 28.846
From compound interest tables, i = 1.25%
Nominal Interest Rate= 1.25 x 12= 15%
Effective rate = (1+ (0.15/36))^36-1=1.004^36-1= 16.08%
Y=2x-3 is slope intercept form
Hey there! I’m just going to write out how I would solve this.
3,000=7.5%⋅x
100/7.5=13 1/3
3,000⋅13 1/3=x
x=$40,000
A) 2/6 = 1/3
1/3 = 1/3
True
------
b) 1/3 > 2/4
1/3 > 1/2
False
------
c) 1/8 > 3/4
False
------
d) 2/5 < 1/2
True
------
e) 4/12 < 1/6
False
------
f) 3/5 = 7/10
False
------
This is all just a process of simplifying fractions down.
The only 'true' statements there are is option A and D.
