Answer:
<em>The effective annual rate is 11.03%</em>
Step-by-step explanation:
The effective interest rate is calculated through the formula:
In this formula, r represents the effective interest rate, i represents the stated interest rate or APR, and n represents the number of compounding periods per year.
For a quarterly compounded interest, n=4. The APR i=10.60%=0.106
Given an APR r, the effective annual rate for a quarterly compound is:
The effective annual rate is 11.03%
Answer:
£7,878
Step-by-step explanation:
she gets:
40p× 260 miles = 10,400p
she pays:
52 : 5.36= £9.70 per mile
260 x 9.70 = £2,522
to find out what she claimes more than she pays: 10,400 - 2,522 = 7,878
8172/9=908 the answer is 908
Answer:
a. 0.6588
b. 0.3978
c. 0. 279
Step-by-step explanation:
In the given question the success and failure are given the number of outcomes is fixed so binomial distribution can be applied.
Here success= p = 12 % or 12/100 = 0.12
failure = q= 1-p = 1-0.12 = 0.88
n= 10
Using binomial probability distribution
a. Probability that the number of selected adults saying they were too young is 0 or 1 is calculated as:
P (x=0,1) = 0.12 ⁰(0.88)¹⁰10 C0 + 0.12 (0.88)⁹ 10 C1= 1* 0.279 * 1 + 0.12 ( 0.3165) 10 = 0. 279 + 0.3978= 0.6588
b. Probability that exactly one of the selected adults says that he or she was too young to get tattoos is calculated as
P (x=1) = 0.12 (0.88)⁹ 10 C1= 0.12 ( 0.3165) 10 = 0.3978
c. Probability that none of the selected adults say that they were too young to get tattoos is
P (x=0) = 0.12 ⁰(0.88)¹⁰10 C0 = 1* 0.279 * 1 = 0. 279
4.
5.
doesn't belong with the other three because it is irrational number
The other three can be expressed as a ratio between two <span>integers.
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