Answer:
3.045%.
Step-by-step explanation:
We are asked to find the corresponding effective interest rate for 3% per year compounded continuously.
We will use effective interest formula to solve our given problem.
, where,
r = Effective interest rate,
e = Mathematical constant,
r = Interest rate in decimal form.
Let us convert given interest rate in decimal form.
Substitute values:
Convert into percentage:
Therefore, the corresponding interest rate would be 3.045%.
Answer: $142.5
Step-by-step explanation: If the price is being marked up by 50%, you take 50% or half of the original price of $95, which is 47.5, and add it to your original price.
95 + 47.5 = 142.5
The distance between the two is 70
Answer:
D: The graph shows a line of best fit because the points are plotted evenly above and below the line.
Step-by-step explanation:
2 times 300 is 600
you welcum