1000+400+40+8 lol hope this helped._.
Point III is about <em>real interest rate</em>
point I doesn't apply since both nominal and effective ir are calculated by year
let alone the fact that if you look close to those numbers it would probably mean that the loan had 1year and 1 day duration :)
the II answer is the correct one
if the loan is compounded at 6 months you have to add the interest of the first 6 months interest to the total interest to find out the effective interest rate
Answer: 20% is your answer
Step-by-step explanation:
180-150=30
30 divided by 150 = .2 which is 20%
Answer:
x = 200
Step-by-step explanation:
Plug in 15 as y into the equation and solve for x:
1/5x - 2/3y = 30
1/5x - 2/3(15) = 30
1/5x - 10 = 30
1/5x = 40
x = 200
So, when y = 15, x = 200
Answer:
ady
Step-by-step explanation:
