Answer:
7.12
Step-by-step explanation:
The formula for the effective annual yield is given as:
i = ( 1 + r/m)^m - 1
Where
i = Effective Annual yield
r = interest rate = 7% = 0.07
m= compounding frequency = semi annually = 2
i = ( 1 + 0.07/2)² - 1
i = (1 + 0.035)² - 1
= 1.035² - 1
= 1.071225 - 1
= 0.071225
Converting to percentage
0.071225 × 100
= 7.1225%
Approximately to 2 decimal places = 7.12
Therefore, the annual effective yield = 7.12
It’s either 11.25 or 27.75. Next time please show the answer choices too!
Let the number be x, then
1/5 * x = 2/3 * 90
1/5 x = 60
x = 60 * 5 = 300 (answer)
Answer:
positive 29
Step-by-step explanation:
