Answer:
m = 2
Step-by-step explanation:
Given:
x = 4
y = 6m - 2
a = 8
b = 5
Required:
Value of m
SOLUTION:
x and y are segments of a chord divided when it intersects another chord that also has segments a and b.
According to the Intersecting chords theorem,
Thus:
Solve for m
The value of m = 2
The nominal rate to plug in will be 0.085.
Given to us, the nominal rate is 8.5%,
The value to plug into your equation,
The equation can be simple interest or compound interest in both cases the value of the nominal rate to the plugin will be the same.
Thus, the nominal rate is 8.5% can be written as
Hence, the nominal rate to plug in will be 0.085.
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