The correct statement is that Sarah is paying interest compounded monthly at the rate of 7.496%.. So, the correct option from the above statement is B.
Compound interest can be calculated by the way of applying the values to the formula given in the information.
<h3>Compound Interest</h3><h3 />
- Compound interest is best defined with the terms as interest given on accrued interest or the accumulated interest in addition to the interest on the principalprincipal amount.
- The formula to calculate Compounded interest is as below,
- The interest to be paid is calculated as $749.58 assuming that the principal was $10000 and the time for such loan was 1 year in the absence of information.
- Calculating further, we can find that the effective rate of interest on such a loan is at the rate of 7.496%, which is rounded off to the nearest three decimal places.
Hence, the correct option is B that the actual interest paid by Sarah at the rate of 7.250% for the period of 1 year will be effectively 7.496%
To know more about compound interest, click the link below.
brainly.com/question/25857212
All angled are congruent correct answer or at least the way is see wish u luck :)
When we substitute a specific valuefor each variable, and then perform the operations, it's called evaluating theexpression. Let's evaluate theexpression 3y + 2y when 5 = y. Click on the steps to see how it's done. Perform the operations, to find the value of the expression.
Since q+d=19, we can re-write this as d=19-q. Using the second equation 0.25q+0.1d=4 we can multiply both sides by 100. So we get 25q+10d=400. So now we can plug d=19-q into 25q+10d=400. So now we get, 25q+190-10q=400. Subtracting both sides by 190, we get 15q=210 and that q=14 plugging that in d=5