.026 because 2.6%*100 is 0.026
3+3+3-3=6
(3+3+3-3)÷2=3
(3+3+3+3)÷3=4
(3+3+3+3)÷6=2
Is this how it works?
Part 1: <span>What is the periodic interest rate of jade investment?
Each compounding period is done semi-annually, which means twice a year. Since the given interest rate is annual, then 5.2% divided by half should yield the period interest rate, which is 2.6%
Part 2: </span><span>How many compounding periods does Jade's investment offer in a year? how about in 8 years?
In 1 year, there are 2 compounding periods. In 2 years, there are 16 compounding periods.</span>
Answer:
y = 16/9
Step-by-step explanation:
Assuming "y" is a variable
3y - 6/9 = 4 - 2/-3
3y - 2/3 =14/3
3y - 16/3 = 0
1/3 (9y - 2) = 14/3
ANSWER = y : 16/9