Point III is about <em>real interest rate</em>
point I doesn't apply since both nominal and effective ir are calculated by year
let alone the fact that if you look close to those numbers it would probably mean that the loan had 1year and 1 day duration :)
the II answer is the correct one
if the loan is compounded at 6 months you have to add the interest of the first 6 months interest to the total interest to find out the effective interest rate
Answer:
(5,-8)
Step-by-step explanation:
Chose a fraction with a denometer of 8.
Ex: 3/8
To compare 5/6 and 3/8 we need to find the LCM (the lowest common denominator.)
This can easily be done by listing the multiples of each number.
6: 6, 12, 18, 24, 30, 36
8: 8, 16, 24, 32, 40, 48
The Lowest common denominator would be 24.
6*4=40
8*3=40
Since we altered the denometer, either by multyplying by 6 or 8 (to get 24), we must do the same for the numerator.
3/8*3
9/24
5/6*4
20/24
Now we compare the fraction properly.
20 is larger than 9 so we know that 3/8 is less than 5/6.
Hope this helps! Please leave a thanks/braniest answer!
Answer:
1 Subtract 8x8x from both sides.
fx-8x=-10fx−8x=−10
2 Factor out the common term xx.
x(f-8)=-10x(f−8)=−10
3 Divide both sides by f-8f−8.
x=-\frac{10}{f-8}x=−
f−8
10
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
1 Subtract 2x2x from both sides.
gx-2x=-7gx−2x=−7
2 Factor out the common term xx.
x(g-2)=-7x(g−2)=−7
3 Divide both sides by g-2g−2.
x=-\frac{7}{g-2}x=−
g−2
7
