Question

What is the answer to 2×360/24

and
6.5×360/24
and
1.5×360/24
and
3×360/24

Answer 1

You have the following expression for an annual interest rate:

`I=(2(12)(360))/(2,400(24+1))`

in order to simlpify the previous expression, proceed as follow:

- simplify the expression inside parenthesis

- multiply number in the numerator

- multiply number in the denominator

- simplify resultant fraction