First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
Answer:
9
Step-by-step explanation:
27 - 18 = 9
I think the answer is (C)
Answer:
why yall put cheese on my cheeseburger
Step-by-step explanation:
why did you
Answer: 6 1/8
Step-by-step explanation:
1/8 x 2 = 1/8 x 2/1 = 2/8 = 1/4
1/4 x 3 = 1/4 x 3/1 = 3/4
3/8 x 4 = 3/8 x 4/1 = 12/8 = 1 4/8 = 1 1/2
1/2 x 3 = 1/2 x 3/1 = 3/2 = 1 1/2
5/8 x 1 = 5/8 x 1/1 = 5/8
3/4 x 2 = 3/4 x 2/1 = 6/4 = 1 2/4 = 1 1/2
Start with the big number first.
1 1/2 = 1 4/8
1 1/2 = 1 4/8
1 1/2 = 1 4/8
5/8 = 5/8
3/4 = 6/8
1/4 = 2/8
Add them all up.
1 4/8 + 1 4/8 = 2 8/8 = 3
3 + 1 4/8 = 4 4/8
4 4/8 + 5/8 = 4 9/8 = 5 1/8
5 1/8 + 6/8 = 5 7/8
5 7/8 + 2/8 = 5 9/8 = 6 1/8
