Kim has money in a savings account that earns an annual interest rate of 3.3%, compounded monthly. What is the effective rate of interest on Kim's account? Round to the nearest hundredth of a percent.
a. 3.35%
b. 3.33%
c. 3.30%
d. 3.34%
e. 2.90%
a. 3.35%
Mathematics
You might also like to view...
Find dy.y = x
A. 
dx
B. 
dx
C. 
dx
D. 
dx
Mathematics
Solve the equation.2 + log3(2x + 5) - log3 x = 4
A. 
B. 
C. 
D. 
Mathematics
Find all solutions of the equation in the interval [0°, 360°). Round the answers to the nearest tenth of a degree.sin ? = 0.6
A. {36.9°, 143.1°} B. {36.9°, 323.1°} C. {36.9°} D. {36.9°, 216.9°}
Mathematics
A geometric sequence is given. Find the common ratio and write out the first four terms.{sn} = {5n}
A. r = 5; s1 = 5, s2 = 25, s3 = 125, s4 = 625 B. r = 5n; s1 = 5, s2 = 25, s3 = 125, s4 = 625 C. r = 5; s1 = 5, s2 = 10, s3 = 15, s4 = 20 D. r = 5n; s1 = 5, s2 = 10, s3 = 15, s4 = 20
Mathematics