What is the annual interest rate for an account that compounds monthly at a rate of 2.5%?

a.

2.10%

b.

2.50%

c.

2.53%

d.

2.55%

e.

2.58%

Step-by-step explanation:

The rate is given by the following formula

Where

is the rate

is the interest in decimals

is the number of compounded periods

Replacing each value, we have

Then, we express the rate in percentage:

Therefore, the right answer is D. 2.55%.

whole numbers.

step-by-step explanation:

we are given the average monthly rainfall (in millimeters) model r(m) for the years 1900-2009 as a function of the month number m.

as we can see m is taken for the number of months for years 1900-2009.

we know that number of months can't be a negative number or decimal number or a fraction.

so, the number of months could be only positive whole numbers.

therefore, whole numbers is more appropriate for the domain of r.

answer: 1inch=7days  

12inch=12*7=84days

step-by-step explanation: