Answer:
1.55%
Step-by-step explanation:
Fill in the values and solve for the rate using the future value formula.
FV = P(1 +r/n)^(nt)
4720 = 4300(1 +r/12)^(12·6)
(4720/4300)^(1/72) = 1 +r/12
r = 12(4720/4300)^(1/72) -1) ≈ 0.015542
The annual interest rate is about 1.55%.
Answer:
Looks like all of your questions have been answered.
(y^2-y-12)/(y^2-2y-15) factor both the numerator and denominator...
(y^2-4y+3y-12)/(y^2-5y+3y-15)
(y(y-4)+3(y-4))/(y(y-5)+3(y-5))
((y-4)(y+3))/((y-5)(y+3)) so the (y+3) terms cancel leaving
(y-4)/(y-5)
