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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Y intercept = when x = 0
Plug in x = 0
0 + 3y = 6
3y = 6, y = 2
Solution: a, (0,2)
The domain is all real number
There is no limit to what x can be
Choice G
Answer:
2.2+3(3.4)
=2.2+10.2
=12.4
Step-by-step explanation:
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Principal (P)= $2,500
Interest rate= 4%
Number of periods= 2 years
<u>First, we will determine the interest earned using the simple interest formula:</u>
I= P*r*t
I= 2,500*0.04*2
I=$200
<u>Now, using the compound interest formula:</u>
I= [P*(1 + r)^t] - P
r= 0.04/2= 0.02 (semi annual interest rate)
t=2*2= 4 semesters
I= [2,500*(1.02^4)] - 2,500
I= $206.08
