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
The answer is ...............47.4
8 / (7/8) =
8 * 8/7 =
64/7 =
9.14.....so he can cut 9 full pieces
Answer:
D) 13.7
Step-by-step explanation: