Suppose a test has six multiple-choice questions with four options and eight true/false questions. If a person responds to all q
1 answer:
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The correct statement is that Sarah is paying interest compounded monthly at the rate of 7.496%.. So, the correct option from the above statement is B.
Compound interest can be calculated by the way of applying the values to the formula given in the information.
<h3>Compound Interest</h3><h3 />- Compound interest is best defined with the terms as interest given on accrued interest or the accumulated interest in addition to the interest on the principalprincipal amount.
- The formula to calculate Compounded interest is as below,
- The interest to be paid is calculated as $749.58 assuming that the principal was $10000 and the time for such loan was 1 year in the absence of information.
- Calculating further, we can find that the effective rate of interest on such a loan is at the rate of 7.496%, which is rounded off to the nearest three decimal places.
Hence, the correct option is B that the actual interest paid by Sarah at the rate of 7.250% for the period of 1 year will be effectively 7.496%
To know more about compound interest, click the link below.
Answer:
In the given expression:
Term =
Coefficient=
Neither one = 5
Step-by-step explanation:
Here, the given expression is :
Now, in the polynomial of the form
All the x terms involving any powers of x are 'TERM'
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All the co efficient of the x in the polynomial are called 'Co -efficient.
Here, a , b are co efficient.
The terms in the polynomial which are neither coefficient nor terms are called 'Constants' . Here, c is constant.
Now, in the given expression:
Term =
Coefficient=
Neither one = 5