The answer for this question is option C.
Answer: 50%
Step-by-step explanation:
If you notice the end points we start with odd and end in an even.
There can be a shift that matches evens and odds so 50% evens and 50% odds
From MysticAlanCheng
Loan L that has a nominal rate of , compounded daily offer Craig the best effective interest rate.
Further explanation:
Given:
The options are as follows,
(a). Loan L has a nominal rate of , compounded daily.
(b). Loan M has a nominal rate of , compounded weekly.
(c). Loan N has a nominal rate of , compounded monthly.
(d). Loan O has a nominal rate of , compounded yearly.
Explanation:
The compound interest rate formula can be expressed as follows,
Here, A represents the amount, P represents the principal amount, r represents the interest rate n represents the number of times interest rate compounded and t represents the time.
Consider the amount as for 2 years.
The amount after year if the interest rate is , compounded daily can be calculated as follows,
The amount after year if the interest rate is , compounded weekly can be calculated as follows,
The amount after year if the interest rate is compounded monthly can be calculated as follows,
The amount after year if the interest rate is , compounded daily can be calculated as follows,
Loan L that has a nominal rate of , compounded daily offer Craig the best effective interest rate.
Option (a) is correct.
Option (b) is not correct.
Option (c) is not correct.
Option (d) is not correct.
Learn more:
Answer details:
Grade: High School
Subject: Mathematics
Chapter: Simple interest
Keywords: Craig, four loans, loan L, loan M, loan N, loan O, nominal rate, compounded daily, effective rate, compounded monthly, compounded weekly, compounded yearly, interest rate, Principal, invested, interest rate, account, effective interest rate, total interest, amount.
Thank you :)
3(2x–7)=5–(1–x)
6x-21 = 5 - 1 + x
subtract x from both sides
5x - 21 = 5-1
combine like terms
5x - 21 = 4
add 21 to both sides
5x = 25
divide both sides by 5
x = 5