Which function has a greater rate of change?
2 answers:
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We have a deposit of $2000 into an account that pays 6% compounded monthly, after a year we will have:
The effective annual yield (EAY) will be:
The EAY is 101.22%
I am going to assume that the equation was supposed to be
Answer:
It is a polynomial. It is a binomial and it has a degree of 5.
Step-by-step explanation:
A polynomial is an expression consisting of variables and coefficients, that involves only the operations of addition, subtraction, multiplication, and non-negative integer exponentiation of variables so will be considered a polynomial.
A binomial is a polynomial with 2 terms.
The degree of a polynomial is the highest exponent in it which in this equation is 5.