Find the effective rate of interest.6% compounded monthly

A. 6.29%
B. 6.39%
C. 6.43%
D. 6.25%


Answer: C

Mathematics

You might also like to view...

Solve and check.a + 5 = 9

A. -4 B. 14 C. -14 D. 4

Mathematics

Provide an appropriate response.A chemist has two solutions that contain different concentrations of hydrochloric acid. One is a 20% concentration and the other is a 12% concentration. How many cubic centimeters of each should he mix to obtain 100 cc with a concentration of 15.2%?

What will be an ideal response?

Mathematics

Simplify the algebraic expression.-7x + 3(4x - 7)

A. 19x + 21 B. 5x + 21 C. 19x - 21 D. 5x - 21

Mathematics

Solve the problem.Jeremy weighed 162 pounds 14 ounces before going on winter break from school. When he returned to school, he weighed 166 pounds 4 ounces. How much weight did Jeremy gain over winter break?

A. 4 pounds 10 ounces B. 3 pounds 6 ounces C. 3 pounds 10 ounces D. 4 pounds 6 ounces

Mathematics