When calculating a loan’s effective interest rate, if the nominal rate is 8. 5%, what value of i do you plug into your equatio
1 answer:
The nominal rate to plug in will be 0.085.
Given to us, the nominal rate is 8.5%,
The value to plug into your equation,
The equation can be simple interest or compound interest in both cases the value of the nominal rate to the plugin will be the same.
Thus, the nominal rate is 8.5% can be written as
Hence, the nominal rate to plug in will be 0.085.
To know more visit:
You might be interested in
Answer:
Step-by-step explanation:
separate with like terms
the first fraction can be left alone as it can't be simplified any further
the second fraction can be written as w⁹ ÷ w¹ , when the bases are the same and division is involved subtract the powers: 9 - 1 = 8, so it's simplified to w⁸
the third fraction can be written as m⁵ ÷ m⁹, subtract the powers: 5 - 9 = -4, so it's simplified to m⁻⁴
putting it together:
Answer:
The simplified form of the given expression is 12(m -n).
Step-by-step explanation:
The given expression is
We need to simplify the given expression.
Rearrange the terms according to the variables.
On combining like terms, we get
On simplification, we get
Taking GCF common.
Therefore the simplified form of the given expression is 12(m -n).