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Dmitry_Shevchenko [17]

3 years ago

12

When calculating a loanâ€™s effective interest rate, if the nominal rate is 8. 5%, what value of i do you plug into your equatio

n? a. 8. 5 b. 0. 85 c. 0. 085 d. 1. 85.

1 answer:

natta225 [31]3 years ago

6 0

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

$\begin{aligned}Nominal rate&= 8.5\%\\&= \dfrac{8.5}{100} \\&= 0.085\end{aligned}$

Hence, the nominal rate to plug in will be 0.085.

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2 years ago

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Answer:

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Step-by-step explanation:

Part 1)

we have

$625z^{2}-150z+9$

Find the roots of the quadratic equation

Equate the equation to zero

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Group terms that contain the same variable, and move the constant to the opposite side of the equation

$625z^{2}-150z=-9$

Factor the leading coefficient

$625(z^{2}-(150/625)z)=-9$

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Complete the square. Remember to balance the equation by adding the same constants to each side

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$P=100z-12$

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