The effective rate is calculated in the following way:

where r is the effective annual rate, i the interest rate, and n the number of compounding periods per year (for example, 12 for monthly compounding).
our compounding period is 2 since the bank pays us semiannually(two times per year) and our interest rate is 8%
so lets plug in numbers:
Answer:
the same as multiplying them, except you're doing the opposite: subtracting where you would have added and dividing where you would have multiplied. If the bases are the same, subtract the exponents. Remember to flip the exponent and make it positive, if needed.
Step-by-step explanation:
Answer:
48
Step-by-step explanation:
x/3 - 6 = 10
+6 +6
x/3=16
16*3=48
Answer:20.7
Step-by-step explanation: