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.
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Option c : 9 is the answer.
Explanation:
The expression is
We need to determine the subtracted value of the expression.
From the expression we can see that the expression contains two negative signs.
To simplify the expression, we know that, When we multiply two negative numbers then the product is always positive.
This means
Thus, the expression can be written as
Adding the two numbers, we get,
Thus, the value of the expression is 9.
Hence, Option c is the correct answer.
Let's pick two points on the line, the y-intercept, and the x-intercept. These are the points at which x=0, and y=0.
When x=0:
So one point is (0,6)
When y=0:
So another point is (10,0)
So mark the points (0,6) and (10,0) on a pair of axes, and draw a straight line between them, and past them to infinity. This is a graphing of the line y=-3/5 x + 6
When x=0:
So one point is (0,6)
When y=0:
So another point is (10,0)
So mark the points (0,6) and (10,0) on a pair of axes, and draw a straight line between them, and past them to infinity. This is a graphing of the line y=-3/5 x + 6