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ryzh [129]
3 years ago
10

A bank quotes an interest rate as 0.06341 annual effective yield. What interest rate, compounded monthly, will provide that

Mathematics
1 answer:
Leviafan [203]3 years ago
4 0

9514 1404 393

Answer:

  0.06164

Step-by-step explanation:

The effective annual rate obtained by compounding nominal annual rate r monthly is ...

  eff rate = (1 +r/12)^12 -1

Then the value of r is ...

  r = 12×((eff rate) +1)^(1/12) -1)

For the given effective rate, that is ...

  r = 12×(1.06341^(1/12) -1) ≈ 0.06164 . . . . nominal annual interest rate

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A polynomial function can be written as (x 1)(x 4)(x − 7). what are the x-intercepts of the graph of this function? (1, 0), (4,
IrinaVladis [17]
Easy

set to zero
those are the roots or xintersepts

(x+1)(x+4)(x-7)=0

x+1=0
x=-1

x+4=0
x=-4

x-7=0
x=7

xints are (-4,0) (-1,0) (7,0)
5 0
3 years ago
Read 2 more answers
Convert improper fraction to a mixed number<br> 9/2
harkovskaia [24]
2 goes into 9 4 times. So 4 is your large number and you have 1 remaining, put that over the denominator and your answer is 4 1/2
8 0
3 years ago
2a - 3b = -11<br> a + 3b = 8
dlinn [17]

Answer:

b = 3 and a = -1

Step-by-step explanation:

You have your given equation:

2a - 3b = -11

a + 3b = 8

You need to find what a and b is.

To find b:

2a - 3b = -11

-2a - 6b = -16

I multiplied a + 3b = 8 by -2. When you multiply a number you have to multiply all of them. You have to choose a number that would cancel out all of a.

So now your equation would look like this when you solve for b:

2a - 3b = -11

-2a - 6b = -16

-------------------

a - 9 = -27 then you divide -9 to -27 which is 3 so b = 3.

To find a:

2a - 3b = -11

a + 3b = 8

I multiplied a + 3b = 8 by -1 and 2a - 3b = -11 by -1 as well.

Your equation will look like this when you solve for a:

-2a + 3b = 11

-1a - 3b = -8

------------------

-3a = 3 then divide -3 to 3 which is -1 so a = -1.

Check to see if you have the correct answer by plugging in the number you got for a and b into the equation and solve.

1. 2(-1) -3(3) = -11

 -2 - 9 = -11

2. -1 + 3(3) = 8

   -1 + 9 = 8

8 0
3 years ago
Help sense No one understands.
Blababa [14]
I think either 3 or 7

7 0
4 years ago
Read 2 more answers
Item 17 The amount of chlorine in a swimming pool varies directly with the volume of water. The pool has 2.5 milligrams of chlor
zvonat [6]
8000 gal *\frac{ 1 L}{0.264 gal}*\frac{2.5 mg}{1 L} = 75,757 mg

Rounding to nearest thousand gives 76,000 mg of chlorine
7 0
3 years ago
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