Answer:
The new interest rate is about 0.1038.
As a percent, this is about 10.4%.
Step-by-step explanation:
We are given:
From this, we can determine that the interest rate is compounded annually at 10%.
We want a new equation that keeps A and P but the interest rate is compounded quarterly.
Compound interest is given by:
Since we are compounding quarterly, n = 4. Since the rate is 10%, r = 0.1. P stays at 250. Therefore:
Add:
Rewrite:
So:
Therefore, the approximate new interest rate is 1.1038 - 1 or about 0.1038.
As a percent, this will be 0.1038 or about 10.4%.
The answer is 11. don't worry, I often forget the basics too XD
I believe the slope of any vertical line is "undefined" because slope= rise(change in y values)/ run(change in x values).
Therefore, the slope for a horizontal line is
m= 0/(x2-x1).
However, for a vertical line the x-values are the values that are not changing. So, m= (y2-y1)/0. It is not possible to divide anything by zero. So, the slope of a vertical line is reported as m= undefined.
Any questions?
The answer is 94%. This is a confirmed answer, I took the quiz.
Hope this helps :)
Answer:
Step-by-step explanation:
9/5= 1.8
$1.80 per lb