25 divided by 2305 is 0.0106
Answer:
6.66%
Step-by-step explanation:
((1 + r/m)^n) - 1
Interest rate , r = 6.5%
m = number of compounding times per period = 4 (quarterly interest)
((1 + 0.065/4)^4) - 1
((1 + 0.01625) ^4) - 1
((1.01625)^4) - 1
1.06660 - 1
= 0.0666
0.0666 * 100%
= 6.66%
400 times ten because when you multiply you get 40,000.
Yes it is a polynomial .
The degree of polynomial is 4 and there is no power as a fraction or negative integer
