SAT, 05.10.2021 22:00 nevelle

RJ has two loans. Loan H has a nominal rate of 5.68%, compounded daily. Loan I has a nominal rate of 6.33%, compounded monthly. Which loan's effective rate had the greater increase, relative to its nominal rate, and how much greater is its increase than that of the other loan? a. Loan I’s increase was 0.03 percentage points greater than Loan H’s. b. Loan I’s increase was 0.68 percentage points greater than Loan H’s. c. Loan H’s increase was 0.16 percentage points greater than Loan I’s. d. Loan H’s increase was 0.49 percentage points greater than Loan I’s.

Answers: 1

Show answers

Other questions on the subject: SAT

SAT, 24.06.2019 09:40, bendavidhizar

Alaser tag arena sells two types of memberships. one package costs $325 for one year of membership with an unlimited number of visits. the second package has $125 enrollment fee, includes five free visits, and costs and additional $8 per visit after the first five. how many visits would a person need to use for each type of membership to cost the same amount over a one-year period?

Answers: 2

continue

SAT, 24.06.2019 20:00, kennettahughley7964

The way individuals think, believe, and behave defines their: a. intellectual wellness b. personality c. self-esteem d. self-actualization

Answers: 2

continue

SAT, 27.06.2019 05:30, lacourboud20005

What is the binomial name of the horsefly species that's golden backside inspired a 24-year old researcher to name it after a pop star in january 2012?

Answers: 1

continue

SAT, 27.06.2019 12:40, rileybaby34

Land is to arable ; river is a, navigable b, shallow c, presumsor d, water

Answers: 1

continue

You know the right answer?

RJ has two loans. Loan H has a nominal rate of 5.68%, compounded daily. Loan I has a nominal rate of...