Answer:
8
Step-by-step explanation:
8% is the annual interest rate. Since, only 3 month has been passed in the year end so, interest accrue of only 3 months.
8% is the interest of 12 months. So, 8%/12 is the interest rate of 1 month. But we want 3 month of interest rate. Multiplying (8%/12)*3, we will get 3 month interest rate.
Note, that we have substituted x with 8. Because, we need interest rate of 3 month, and 8 is the interest rate of 12 months.
Answer:
1. a=2.3
2. b=2.6
3. c=2.3
4.d=2.6
5. e=40
6. f=1/6
7. g=85
Step-by-step explanation: