SlideShare a Scribd company logo
Monthly interest rate = 8.40% / 12 = 0.7%
Effective anuual rate = (1 + 0.007)12 -1
Effective anuual rate = 0.0873 or 8.73%
Solution
Monthly interest rate = 8.40% / 12 = 0.7%
Effective anuual rate = (1 + 0.007)12 -1
Effective anuual rate = 0.0873 or 8.73%

More Related Content

More from himanshukausik409

STAT92E is present in Drosophila flies and the JAKSTAT pathway help.pdf
STAT92E is present in Drosophila flies and the JAKSTAT pathway help.pdfSTAT92E is present in Drosophila flies and the JAKSTAT pathway help.pdf
STAT92E is present in Drosophila flies and the JAKSTAT pathway help.pdf
himanshukausik409
 
solid CO2 sublimes-dispersionCHCl3 boils-dispersion and dipole.pdf
solid CO2 sublimes-dispersionCHCl3 boils-dispersion and dipole.pdfsolid CO2 sublimes-dispersionCHCl3 boils-dispersion and dipole.pdf
solid CO2 sublimes-dispersionCHCl3 boils-dispersion and dipole.pdf
himanshukausik409
 
Smartphones have become the single most important digital device we .pdf
Smartphones have become the single most important digital device we .pdfSmartphones have become the single most important digital device we .pdf
Smartphones have become the single most important digital device we .pdf
himanshukausik409
 
Since 2010, the authors have been on the faculty of a HBCU located i.pdf
Since 2010, the authors have been on the faculty of a HBCU located i.pdfSince 2010, the authors have been on the faculty of a HBCU located i.pdf
Since 2010, the authors have been on the faculty of a HBCU located i.pdf
himanshukausik409
 
Programimport java.util.Scanner; public class AreaOfRectangle {.pdf
Programimport java.util.Scanner; public class AreaOfRectangle {.pdfProgramimport java.util.Scanner; public class AreaOfRectangle {.pdf
Programimport java.util.Scanner; public class AreaOfRectangle {.pdf
himanshukausik409
 
Ques-1. how and why would an asthma attack attack have an impact on .pdf
Ques-1. how and why would an asthma attack attack have an impact on .pdfQues-1. how and why would an asthma attack attack have an impact on .pdf
Ques-1. how and why would an asthma attack attack have an impact on .pdf
himanshukausik409
 
OSIOSI may be a abstract model that characterizes and standardize.pdf
OSIOSI may be a abstract model that characterizes and standardize.pdfOSIOSI may be a abstract model that characterizes and standardize.pdf
OSIOSI may be a abstract model that characterizes and standardize.pdf
himanshukausik409
 
Name of diagnosis obsessive compulsive personality disorder.Symp.pdf
Name of diagnosis  obsessive compulsive personality disorder.Symp.pdfName of diagnosis  obsessive compulsive personality disorder.Symp.pdf
Name of diagnosis obsessive compulsive personality disorder.Symp.pdf
himanshukausik409
 
first phage electron micrographs were published in 1940 in Germany a.pdf
first phage electron micrographs were published in 1940 in Germany a.pdffirst phage electron micrographs were published in 1940 in Germany a.pdf
first phage electron micrographs were published in 1940 in Germany a.pdf
himanshukausik409
 
Ethical considerations of project managementSolutionEthical c.pdf
Ethical considerations of project managementSolutionEthical c.pdfEthical considerations of project managementSolutionEthical c.pdf
Ethical considerations of project managementSolutionEthical c.pdf
himanshukausik409
 
EBOLA • Reservoir A deadly disease that is caused by infection du.pdf
EBOLA • Reservoir A deadly disease that is caused by infection du.pdfEBOLA • Reservoir A deadly disease that is caused by infection du.pdf
EBOLA • Reservoir A deadly disease that is caused by infection du.pdf
himanshukausik409
 
deploy NIDSnetwork intrusion detection systems (NIDS) are procedur.pdf
deploy NIDSnetwork intrusion detection systems (NIDS) are procedur.pdfdeploy NIDSnetwork intrusion detection systems (NIDS) are procedur.pdf
deploy NIDSnetwork intrusion detection systems (NIDS) are procedur.pdf
himanshukausik409
 
Concentration of A in water = mass of Avolume of water= 0.24100 .pdf
Concentration of A in water = mass of Avolume of water= 0.24100 .pdfConcentration of A in water = mass of Avolume of water= 0.24100 .pdf
Concentration of A in water = mass of Avolume of water= 0.24100 .pdf
himanshukausik409
 
D. The Delphi Technique is an example of a qualitative assessment te.pdf
D. The Delphi Technique is an example of a qualitative assessment te.pdfD. The Delphi Technique is an example of a qualitative assessment te.pdf
D. The Delphi Technique is an example of a qualitative assessment te.pdf
himanshukausik409
 
Average return=Total returntotal time period10.1=(11-18+24+14+X).pdf
Average return=Total returntotal time period10.1=(11-18+24+14+X).pdfAverage return=Total returntotal time period10.1=(11-18+24+14+X).pdf
Average return=Total returntotal time period10.1=(11-18+24+14+X).pdf
himanshukausik409
 
AnswerDifference In the category of nutrients, there are m.pdf
AnswerDifference In the category of nutrients, there are m.pdfAnswerDifference In the category of nutrients, there are m.pdf
AnswerDifference In the category of nutrients, there are m.pdf
himanshukausik409
 
Answer option CBacteria are considered as the most ancient living.pdf
Answer option CBacteria are considered as the most ancient living.pdfAnswer option CBacteria are considered as the most ancient living.pdf
Answer option CBacteria are considered as the most ancient living.pdf
himanshukausik409
 
Android developers use the term layout to mean one of two things. Bo.pdf
Android developers use the term layout to mean one of two things. Bo.pdfAndroid developers use the term layout to mean one of two things. Bo.pdf
Android developers use the term layout to mean one of two things. Bo.pdf
himanshukausik409
 
A. The above symptom and the resultant disease is due to the mutatio.pdf
A. The above symptom and the resultant disease is due to the mutatio.pdfA. The above symptom and the resultant disease is due to the mutatio.pdf
A. The above symptom and the resultant disease is due to the mutatio.pdf
himanshukausik409
 
a.) Use of light water as moderator eliminates requirement of a cool.pdf
a.) Use of light water as moderator eliminates requirement of a cool.pdfa.) Use of light water as moderator eliminates requirement of a cool.pdf
a.) Use of light water as moderator eliminates requirement of a cool.pdf
himanshukausik409
 

More from himanshukausik409 (20)

STAT92E is present in Drosophila flies and the JAKSTAT pathway help.pdf
STAT92E is present in Drosophila flies and the JAKSTAT pathway help.pdfSTAT92E is present in Drosophila flies and the JAKSTAT pathway help.pdf
STAT92E is present in Drosophila flies and the JAKSTAT pathway help.pdf
 
solid CO2 sublimes-dispersionCHCl3 boils-dispersion and dipole.pdf
solid CO2 sublimes-dispersionCHCl3 boils-dispersion and dipole.pdfsolid CO2 sublimes-dispersionCHCl3 boils-dispersion and dipole.pdf
solid CO2 sublimes-dispersionCHCl3 boils-dispersion and dipole.pdf
 
Smartphones have become the single most important digital device we .pdf
Smartphones have become the single most important digital device we .pdfSmartphones have become the single most important digital device we .pdf
Smartphones have become the single most important digital device we .pdf
 
Since 2010, the authors have been on the faculty of a HBCU located i.pdf
Since 2010, the authors have been on the faculty of a HBCU located i.pdfSince 2010, the authors have been on the faculty of a HBCU located i.pdf
Since 2010, the authors have been on the faculty of a HBCU located i.pdf
 
Programimport java.util.Scanner; public class AreaOfRectangle {.pdf
Programimport java.util.Scanner; public class AreaOfRectangle {.pdfProgramimport java.util.Scanner; public class AreaOfRectangle {.pdf
Programimport java.util.Scanner; public class AreaOfRectangle {.pdf
 
Ques-1. how and why would an asthma attack attack have an impact on .pdf
Ques-1. how and why would an asthma attack attack have an impact on .pdfQues-1. how and why would an asthma attack attack have an impact on .pdf
Ques-1. how and why would an asthma attack attack have an impact on .pdf
 
OSIOSI may be a abstract model that characterizes and standardize.pdf
OSIOSI may be a abstract model that characterizes and standardize.pdfOSIOSI may be a abstract model that characterizes and standardize.pdf
OSIOSI may be a abstract model that characterizes and standardize.pdf
 
Name of diagnosis obsessive compulsive personality disorder.Symp.pdf
Name of diagnosis  obsessive compulsive personality disorder.Symp.pdfName of diagnosis  obsessive compulsive personality disorder.Symp.pdf
Name of diagnosis obsessive compulsive personality disorder.Symp.pdf
 
first phage electron micrographs were published in 1940 in Germany a.pdf
first phage electron micrographs were published in 1940 in Germany a.pdffirst phage electron micrographs were published in 1940 in Germany a.pdf
first phage electron micrographs were published in 1940 in Germany a.pdf
 
Ethical considerations of project managementSolutionEthical c.pdf
Ethical considerations of project managementSolutionEthical c.pdfEthical considerations of project managementSolutionEthical c.pdf
Ethical considerations of project managementSolutionEthical c.pdf
 
EBOLA • Reservoir A deadly disease that is caused by infection du.pdf
EBOLA • Reservoir A deadly disease that is caused by infection du.pdfEBOLA • Reservoir A deadly disease that is caused by infection du.pdf
EBOLA • Reservoir A deadly disease that is caused by infection du.pdf
 
deploy NIDSnetwork intrusion detection systems (NIDS) are procedur.pdf
deploy NIDSnetwork intrusion detection systems (NIDS) are procedur.pdfdeploy NIDSnetwork intrusion detection systems (NIDS) are procedur.pdf
deploy NIDSnetwork intrusion detection systems (NIDS) are procedur.pdf
 
Concentration of A in water = mass of Avolume of water= 0.24100 .pdf
Concentration of A in water = mass of Avolume of water= 0.24100 .pdfConcentration of A in water = mass of Avolume of water= 0.24100 .pdf
Concentration of A in water = mass of Avolume of water= 0.24100 .pdf
 
D. The Delphi Technique is an example of a qualitative assessment te.pdf
D. The Delphi Technique is an example of a qualitative assessment te.pdfD. The Delphi Technique is an example of a qualitative assessment te.pdf
D. The Delphi Technique is an example of a qualitative assessment te.pdf
 
Average return=Total returntotal time period10.1=(11-18+24+14+X).pdf
Average return=Total returntotal time period10.1=(11-18+24+14+X).pdfAverage return=Total returntotal time period10.1=(11-18+24+14+X).pdf
Average return=Total returntotal time period10.1=(11-18+24+14+X).pdf
 
AnswerDifference In the category of nutrients, there are m.pdf
AnswerDifference In the category of nutrients, there are m.pdfAnswerDifference In the category of nutrients, there are m.pdf
AnswerDifference In the category of nutrients, there are m.pdf
 
Answer option CBacteria are considered as the most ancient living.pdf
Answer option CBacteria are considered as the most ancient living.pdfAnswer option CBacteria are considered as the most ancient living.pdf
Answer option CBacteria are considered as the most ancient living.pdf
 
Android developers use the term layout to mean one of two things. Bo.pdf
Android developers use the term layout to mean one of two things. Bo.pdfAndroid developers use the term layout to mean one of two things. Bo.pdf
Android developers use the term layout to mean one of two things. Bo.pdf
 
A. The above symptom and the resultant disease is due to the mutatio.pdf
A. The above symptom and the resultant disease is due to the mutatio.pdfA. The above symptom and the resultant disease is due to the mutatio.pdf
A. The above symptom and the resultant disease is due to the mutatio.pdf
 
a.) Use of light water as moderator eliminates requirement of a cool.pdf
a.) Use of light water as moderator eliminates requirement of a cool.pdfa.) Use of light water as moderator eliminates requirement of a cool.pdf
a.) Use of light water as moderator eliminates requirement of a cool.pdf
 

Recently uploaded

Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
Jisc
 
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxChapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
Sandy Millin
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
EugeneSaldivar
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
Normal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of LabourNormal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of Labour
Wasim Ak
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
Academy of Science of South Africa
 
JEE1_This_section_contains_FOUR_ questions
JEE1_This_section_contains_FOUR_ questionsJEE1_This_section_contains_FOUR_ questions
JEE1_This_section_contains_FOUR_ questions
ShivajiThube2
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat  Leveraging AI for Diversity, Equity, and InclusionExecutive Directors Chat  Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
TechSoup
 
Advantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO PerspectiveAdvantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO Perspective
Krisztián Száraz
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
Jisc
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
SACHIN R KONDAGURI
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
JosvitaDsouza2
 
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
chanes7
 
Digital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion DesignsDigital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion Designs
chanes7
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Thiyagu K
 
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
Nguyen Thanh Tu Collection
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
Jisc
 

Recently uploaded (20)

Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
 
Chapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptxChapter 3 - Islamic Banking Products and Services.pptx
Chapter 3 - Islamic Banking Products and Services.pptx
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
Normal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of LabourNormal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of Labour
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
 
JEE1_This_section_contains_FOUR_ questions
JEE1_This_section_contains_FOUR_ questionsJEE1_This_section_contains_FOUR_ questions
JEE1_This_section_contains_FOUR_ questions
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
 
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat  Leveraging AI for Diversity, Equity, and InclusionExecutive Directors Chat  Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
 
Advantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO PerspectiveAdvantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO Perspective
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
 
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
 
Digital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion DesignsDigital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion Designs
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
 
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
 
How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...How libraries can support authors with open access requirements for UKRI fund...
How libraries can support authors with open access requirements for UKRI fund...
 

Monthly interest rate = 8.40 12 = 0.7Effective anuual rate = (.pdf

  • 1. Monthly interest rate = 8.40% / 12 = 0.7% Effective anuual rate = (1 + 0.007)12 -1 Effective anuual rate = 0.0873 or 8.73% Solution Monthly interest rate = 8.40% / 12 = 0.7% Effective anuual rate = (1 + 0.007)12 -1 Effective anuual rate = 0.0873 or 8.73%