When calculating the effective rate of a loan, which statement or statements must be true if n is greater than 1?

i. the length of the loan is greater than a single year.
ii. the effective rate will exceed the nominal rate.
iii. the interest will be compounded monthly.

option 1 is correct.

step-by-step explanation:

y varies inversely with x and constant of variation is 4

the equation will be:

y = k/x

where k =4 so,

y = 4/x

if we put values of x of option 1 in the above equation and find values of y

y = 4/-2 => y =-2

y = 4/-1 => y = -4

y = 4/1 => y = 4

y = 4/2 => y =2

so, all the values of x and y are correct.

if we put values of x given in other options and find value of y we cannot find whole table satisfying the equation.

hence option 1 is correct.

the final price would be 29.6925

step-by-step explanation:

39.59 minus 25% equals 29.6925