1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksenya-84 [330]
2 years ago
12

A certain bank offers an interest rate 6% per annum Compounded annually. A competing bank compounds Its Interest continuously .

Whał rate should the competing bank offer so that the effective rates of interest for the two bank are equal?​
Mathematics
1 answer:
Ksenya-84 [330]2 years ago
5 0

Answer:

  5.827%

Step-by-step explanation:

Interest compounded annually, and interest compounded continuously will have the same effective rate if the annual multipliers are the same. For the interest multipliers to be the same, you must have ...

  1 +6% = e^r

  ln(1.06) = r ≈ 0.0582689 ≈ 5.827%

The competing bank should offer a rate of 5.827% compounded continuously.

You might be interested in
The numbers on the line plot
densk [106]
The picture isn't very clear
4 0
3 years ago
A school custodian waxed a gymnasium floor that measured 20 feet by 20 feet. How many square feet did she have to wax?
stealth61 [152]
A school custodian waxed a gymnasium floor that measured 20 feet by 20 feet. How many square feet did she have to wax?

If it's 20 feet * 20 feet = to
400 sq.ft

Hope this helps!
6 0
3 years ago
Don't use math papa or anything like that, please. The best/Correct answer gets brainiac.
Solnce55 [7]

Answer:

y = -3/2x + 6

Step-by-step explanation:

We won't be able to figure out Y in number form, since we have a second variable, but we can figure it out in terms of X.

First, we have to subtract 6x from both sides

( -4y = -6x + 24 )

Then we have to divide both sides by -4

( y = -3/2x + 6 )

This is our final answer in terms of x

7 0
3 years ago
What is the surface area of the triangular prism?<br> In square feet
vampirchik [111]

Answer:

The surface of the triangular prism is 12 ft

Step-by-step explanation:

To find the surface area you have to multiply the base and the height and divide the product by 2

6 ft= base

4 ft= height

6 x 4 = 24

24 divided by 2 = 12

6 0
3 years ago
Read 2 more answers
Prove that the sum of ab and ba is divisible by the sum of a and b
Likurg_2 [28]

Answer:

It is divisible by 11 and (a + b) !

Step-by-step explanation:

Given a two digit number $ ab $, the digits written in reverse order is $ba $.

Note that a two digit number ab  = 10a + b.

For example: 24 = 10(2) + 4

Similarly, ba = 10(b) + a

Now, the sum of the numbers ab and ba = 10a + b + 10b + a

= 11a + 11b

= 11(a + b)

Hence, the sum of any two digit number ab and the reverse of the number ba,  is divisible by 11 and (a + b).

Hence, proved.

5 0
3 years ago
Other questions:
  • 1. The function of lenses is based on the law of refraction. A light beam is traveling from the medium 1 where its speed is V1,
    7·1 answer
  • Complete this statement
    11·1 answer
  • Witch contains genetic material of an eukaryotic cell? nucleus or large central vacuole?
    10·1 answer
  • Russell has c pieces of candy. He gives away 98 of the pieces. Write an expression that shows the number of pieces of candy Russ
    14·1 answer
  • PROBABILITY QUESTION!!! PLEASE HELP!
    13·1 answer
  • Find the measures of all angles in a triangle ABC
    6·1 answer
  • What is the product of -3 and 5?
    15·1 answer
  • Please help idk know how to find x
    10·1 answer
  • The following items were bought on sale. Complete the missing information.
    8·2 answers
  • PLS helpp<br> ill give brainliest
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!