Float rate_of_pay a declaration for a variable rate_of_pay that can hold values like 11.50 or 12.75.
What is float rate_of_pay?
- In contrast to fixed (or unchangeable) interest rates, floating interest rates change on a regular basis. Companies that offer credit cards and mortgages frequently use floating rates.
- Floating rates follow the market, a benchmark interest rate, an index, or both.
Is a fixed or floating rate preferable?
- In a rising rate environment, banks offer fixed rate loans at a higher rate than variable rate loans in order to profit more from the latter when rates rise.
- Fixed rate loans may have interest rates that are 300–350 basis points higher than floating rate loans.
float rate_of_pay
rate_of_pay = 11.50, 12.75;
Learn more about Float rate_of_pay
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They paid $720
Here's why:
The formula to this is Interest = Principal x Rate x Time or i = prt
Principal = $2000
Rate = 12%
Time = 3 years
2000 x .12 x 3 = i PEMDAS
2000 x .12 = 240
240 x 3 = 720
i = $720
Answer:
15
Step-by-step explanation:
After plugging in the 6, multiply 2 and 6 and then add 3. This equals 15.
Answer:
The average rate of change of the function over the interval is 5.
Step-by-step explanation:
Average rate of change of a function:
The average rate of change of a function f(x) over an interval [a,b] is given by:
Interval -3 less-than-or-equal-to x less-than-or-equal-to 3
This means that 
So
Average rate of change
The average rate of change of the function over the interval is 5.
