Jackie would like to borrow money at 1.6% interest per quarter, compounded quarterly. Her research indicates that rates for loans are often quoted as annual
rates. Which of the following is the best approximation for the annual rate,
compounded annually, that is equivalent to the rate Jackie wants?

ege

step-by-step explanation:

egge

afjnawenkfnjaw; enkanwelwaklalejjaw; fij

step-by-step explanation:

15%

step-by-step explanation:

use the table and count the number of guesses that has two correct answers.

the following are two correct answers

10010, 01100, 11000

a total of 3 numbers having 2 correct guesses out of 20 questions.

probability of getting 2 correct guesses = the number of questions getting 2 correct answers / total number of questions.

= 3/20

to convert it into percent multiply by 100, we get

= 3/20 * 100

= 15%

the answer is 15%

you.