The answer is 8.5% interest compounded daily.
EXPLANATION
Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.
A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.
The rate of change is 1.5
Answer:
-7
Step-by-step explanation:
-3x-5=16
-3x-5+5=16+5
-3x=21
-3x/-3=21/-3
x=-7
To start off devide both sides by M i.e
K/M=LMN/M
-> K/M=LN
Then devide by K to remove it on the left , this will end you up with M=LN/K
So the answer is (c).
Hope this helps :).
