Thomas has a loan with a nominal interest rate of 6.4624% and an effective interest rate of 6.4715%. which of the following must be true? i. the loan has a duration greater than one year. ii. the
interest on thomas’s loan is compounded more than once yearly. iii. the economy was strong when thomas took out the loan. a. i and ii b. ii only c. i and iii d. iii only

II. The interest on Thomas’s loan is compounded more than once yearly.

Step-by-step explanation:

If your effective rate is greater than your nominal rate, your loan is compounded more than once yearly. You can' figure out I. and III. with just this information.

lockers 1, 4, 9, 16, 25, 40, and 49 are open

i ran through it by the other answer is wrong

or

step-by-step explanation:

we need to solve for 'x' the following equation:  

we have that:

⇒

⇒ ⇒

factorizing, we get that:

  ⇒

then, the solutions are: or

nothing extraneous has been found!