Answer:
annual interest rate is 7.25 %
Step-by-step explanation:
Given data
rate = 7% compounded daily
to find out
APR
solution
we have given rate 7 % compounded daily
so we convert it annually by dividing 365
we consider in 1 year 365 days
rate = 7% = 0.07/365
so annual interest rate is (1+r)^n -1
put the value of rate r here
annual interest rate = (1+r)^n -1
annual interest rate = (1+0.07/365)^(365) -1
annual interest rate = (1.000191781)^(365) -1
annual interest rate = 1.072500 - 1
annual interest rate = 0.072500
annual interest rate is 7.25 %
Answer:
The x-intercept is at -8 and the y-intercept is at -5.
Step-by-step explanation:
When you simplify 5x + 8y = 40 into y = mx + b form, you get y = -5/8x - 5.
Answer:
Linear function.
Step-by-step explanation:
y=2x-6 is a linear function, because it follows the format, y=ax+b, where a=2 and b= -6.
Answer:
(2, 3) The 2 is on the x and the 3 is on the y. So go across on the x, stop at 2. The going up (y) stop at the 5. See where the 2 and 5 meet and that will be R.
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