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%.

center (1,3) with radius 6

step-by-step explanation:

we must complete the square to find the center and radius of the circle.

first make sure the x and y squared terms have 1 as their coefficients. we also make sure x and y terms together.

we now create space between the x and y terms with parenthesis.

we complete the square by taking the middle terms -2x and the -6y - divide each and square them.

we add the squares to both sides.

simplify.

and write the quadratics in factored form.

the center is (h,k) or (1,3). the radius is the square root of 36 which is 6.