Answer:
Step-by-step explanation:
Do you remember the formula so that you can solve this problem??
1. You have the following information:
-The annual interest rate <span>is 7.2%.
- The </span><span>simple interest is calculated quarterly.
2. Then, to solve this exercise and calculate the </span><span>periodic interest rate of Marta's Account, you only have to divide the annual interest rate (7.2%) by 1/4 year. So, you have:
</span>
=(7.2%)(1/4)
=(7.2%)/4
=1.8%
<span>What is the periodic interest rate of Marta's Account?
The answer is: </span>1.8%
Answer:
10 to power of -8 so 0.00000001 I think
He will spend $2,400 more by financing the boat
15000-(3000+(48*300)) =2400
