Gavin deposited money into his savings account that is compounded annually at an interest rate of 9%. Gavin thought the equivalent quarterly interest rate would be 2.25%. Is Gavin correct? If he is, explain why. If he is not correct, state what equivalent quarterly interest rate is and show how you got your answer. ( Please only answer if you know how to. Brainliest answer.

definition : When you are using quarterly interest rates instead of annual, you can find the appropriate rate by dividing the annual interest rate by the number of periods. For example, a 12 percent annual interest rate divided by four periods is a three percent quarterly interest rate.

so he uses 9% annually divided by 4 ( the year consist of four quarters )=2.25 which is correct.

9/4=2.25

Step-by-step explanation:

1760 kilometers

step-by-step explanation:

multiply the amount of time the plane took to travel by it's speed

8

step-by-step explanation:

this is a subtraction problem.

10 - 2 = 8