Find the effective interest rate for a loan for four years compounded monthly at an annual rate of 12%

1 answer:

5 0

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mr Goodwill [35]

Answer:

20/81

Step-by-step explanation:

Without parentheses, it is hard to tell what you are dividing. We assume you want ...

(4/9)/(9/5)

Then ...

$\displaystyle\frac{\left(\frac{4}{9}\right)}{\left(\frac{9}{5}\right)}=\frac{4}{9}\cdot\frac{5}{9}=\frac{4\cdot 5}{9\cdot 9}=\frac{20}{81}$

_____

As written (without parentheses), your expression is evaluated left to right, so evaluates to ...

4/(9·9·5) = 4/405

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3 years ago

Novosadov [1.4K]

Answer: 48.54101966249685

Step-by-step explanation:

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3 years ago

quester [9]

Use the box method.

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3 years ago

seraphim [82]

Answer:

6$ is the correct answer have a good day :)

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3 years ago

Ganezh [65]

The answer is 1/2 (; do u need any more help?

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3 years ago