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!
Answer:
proton is the word you're looking for.
Answer:
-12.5%
Step-by-step explanation:
The percentage change in your time can be computed using ...
pct change = ((new value)/(old value) -1) × 100%
= (28/32 -1) × 100%
= (0.875 -1) × 100% = -12.5%
The time to finish level 2 decreased by 12.5%.
Answer:
In traffic, she drove for 3 hours
and After the traffic cleared she drove for 2 hours.
Explanation:
Given that the road trip was 136 miles;

The first part of the trip there was lots of traffic, she only averaged 16 mph;

The second part of the trip there was no traffic so she could drive 44 mph;

She traveled for a total of 5 hours;

let x represent the time in traffic when she traveled at 16 mph

the time the traffic is clear would be;

Recall that distance equals speed multiply by time;

substituting the values;

solving for x;

So;

Therefore, In traffic, she drove for 3 hours
and After the traffic cleared she drove for 2 hours.