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%
Answer:
y=6x+5
Step-by-step explanation:
I am not sure if this is the answer but it's worth a try...
Answer:
I would say about 7 feet and 1 inch
Step-by-step explanation:
Real numbers, both rational and irrational numbers are real numbers
10/3 bran flakes can make a dozen muffins
A recipe requires 2 1/2 cups of bran flakes
The recipe can make 9 muffins
Let's calculate the amount of bran flakes it will take to make 1 muffin
5/2 = 9
x= 1
cross multiply
9x= 5/2
x= 5/18
A dozen is 12, the number of bran flakes to make a dozen can be calculated as follows
5/18= 1
y= 12
cross multiply
y= 5/18 × 12
y= 10/3
Hence it will take 10/3 to make a dozen muffins
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