Answer:
7.12
Step-by-step explanation:
The formula for the effective annual yield is given as:
i = ( 1 + r/m)^m - 1
Where
i = Effective Annual yield
r = interest rate = 7% = 0.07
m= compounding frequency = semi annually = 2
i = ( 1 + 0.07/2)² - 1
i = (1 + 0.035)² - 1
= 1.035² - 1
= 1.071225 - 1
= 0.071225
Converting to percentage
0.071225 × 100
= 7.1225%
Approximately to 2 decimal places = 7.12
Therefore, the annual effective yield = 7.12
So if you do 3/5 it ends up equaling .6 you can convert that into a percent and it equals 60%
Y=3x
explain
4x3=12 , 5x3=15 , 6x3=18 ,.......
Answer: No the students work is not correct. Because you are using distribution. Which means that 3 has to multiply the y2 and 2 not just the y2! And after you distribute it you need to simplify!
Step-by-step explanation:
Answer:
8.550
Step-by-step explanation:
