To find the effective interest rate the formula is
R=(1+r/k)^(k)-1
R=?
r=nominal Interest rate 0.1364
K=compounded daily 365
Plug in the formula
R=(1+0.1364÷365)^(365)−1
R=0.1461 This the effective interest rate 14.61%
As you can see that the effective interest rate is greater than the nominal interest rate by
0.1461−0.1364=0.0097×100=0.97%
So the answer is a
Hope it helps!
I’m inclined to think D. or E. Maybe A. This probably didn’t help you... sorry
Answer: B and D
Step-by-step explanation:
20 would be the common denominator and the answer would be 12/20 and 15/20
Answer:
x = 21.
Step-by-step explanation:
AS there are parallel lines:
4/12 = 7/x
4x = 84
x = 84/4 = 21.
