Answer:
Option(B) is the correct answer to the given question.
Step by Step Explanation
We know that
Here A=amount
r=15.98%=0.1598
n=365
t=1
Putting these values into the equation
Now we find the interest
I=
Therefore effective interest rate of the last year can be determined by
=0.1720 *100
=17.20%
Answer:
1 to the left and 6 up
Step-by-step explanation:
Most people have trouble deciding on what conversion factor to use. If there you use one conversion factor, and you get something like this:
(gal^2)/qt
Then you know that you used the wrong conversion factor. ALWAYS remember to multiply and divide your units. If you don't, you will not know whether or not you got what you were looking for.
