If the interest rate is compounded daily, we have the effective interest rate calculated as:
r = (1 + 0.1022/30)^30 -1
r = 0.1074 or 10.74%
Therefore, the effective interest rate if the compounded daily rather than monthly is 10.74-10.22 = 0.52 points higher.
I believe the answer is the last one (D), because if n is 33 than 33 + (33+1[34]) = 67.
Answer:
$713.8
Step-by-step explanation:
14%of 860 = 120.4
3% of 860 = 25.8
so, subtract the sum of the above 2 values from 860.
860 - (120.4+25.8) = 860-146.2 = 713.8
Hope this helps
The inverse of the function is 
Explanation:
To find the inverse of the equation 
, we need to interchange the variables x and y for the variables y and x.
Thus, the equation becomes
Now, we shall find the value of y.
Now, adding 8 to both sides of the equation, we have,
Interchanging the sides,
Dividing by 2 on both sides,
Taking square root on both sides,
Thus, the inverse of the function is
