Solve the problem.A local bank advertises that it pays interest on savings accounts at the rate of 3% compounded monthly. Find the effective rate. Round your answer to two decimal places, if necessary.
A. 3.04%
B. 36%
C. 3.44%
D. 3.40%
Answer: A
Mathematics
You might also like to view...
Find the limit.
a. ?
b. –3
c. 0
d. 3
e. 7
Mathematics
Solve the problem.The logistic growth model 
represents the population of a species introduced into a new territory after t years. When will the population be 60?
A. 13.02 yr B. 12.24 yr C. 1.54 yr D. 2.33 yr
Mathematics
Find the second-order partial derivative.Find fyx when f(x,y) = 8x3y - 7y2 + 2x.
A. 24x2 B. -28 C. 48xy D. -14
Mathematics
Graph the system of inequalities.2x + 3y ? 6x - y ? 3x ? 1
A. 
B. 
C. 
D. 
Mathematics