Answer:
1) 0.5 %
2) 16
Step-by-step explanation:
Since, a year = 12 months,
1 month = year,
1) If the interest is compounded monthly,
Then, the rate per period =
Given, annual rate = 6%,
So, the rate per period = = 0.5%,
2) 1 year = 4 quarters,
If the loan is of 4 year and it is compounded quarterly,
Then, the number of compounding periods = number of years × 4
= 4 × 4
= 16
1/2 price of 1 gallon = 1.78 gallons
price of 1 gallon= 1.78 gallons * 2
price of 1 gallon = 3.56
It is cheaper to buy milk at store 1 than it is at store 2, this is because at store 1 it costs 3.49 per gallon whereas store 2 it is 3.56 per gallon.
Hope this helps! :)
x^2z
--------- ................this is your answer
3 y
Answer:
10x+11y-3w
Step-by-step explanation:
you just have to add the side up and do it by matching up with the values of the variable
Answer:
7.19%
Step-by-step explanation:
let i be the effective rate