Describe the transformation
1 answer:
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Answer:
C. It will increase by about 0.6%
Step-by-step explanation:
Since, the effective interest rate is,
Where, i is the stated interest rate,
n is the number of compounding periods,
Here, i = 11.28 % = 0.1128,
n = 365 ( 1 year = 365 days ),
Hence, the effective interest rate would be,
=0.119388521952
Now, the changes in effective interest rate = Effective interest rate - Stated interest rate
= 0.119388521952 - 0.1128
= 0.006588521952 ≈ 0.006 = 0.6 %
Hence, It will increased by about 0.6 %,
Option A is correct.
Hope this helps :)
Answer:
Jay's estimate is closer to the actual weight of the basketball
Step-by-step explanation:
The standard weight of an NBA basketball is 1.4 pounds.
Judging the accuracy of Jay's and Shawna's answer based on their percentage error when compared with the standard, we have that Jay's answer has a lower error as shown below
Error = (Standard value - Estimated value)/ Standard Value ×100
Error in Jays answer = × 100 = 64.28 %
Error in Shawna's answer = × 100 = 96.42%
From this, It is obvious that Jay's answer has a lower percentage error when compared to the actual value.