Rj has two loans. loan h has a nominal rate of 5.68%, compounded daily. loan i has a nominal rate of 6.33%, compounded monthly. which loan's effective rate had the greater increase, relative to its nominal rate, and how much greater is its increase than that of the other loan?
a.
loan i’s increase was 0.03 percentage points greater than loan h’s.
b.
loan i’s increase was 0.68 percentage points greater than loan h’s.
c.
loan h’s increase was 0.16 percentage points greater than loan i’s.
d.
loan h’s increase was 0.49 percentage points greater than loan i’s.

h/o/e/s mad

step-by-step explanation:

si si si

the solution of the equation is 2.23 ⇒ answer b

step-by-step explanation:

* lets revise the meaning of exponential function

- the form of the exponential function is y = ab^x, where a ≠ 0, b > 0 ,  

  b ≠ 1, and x is any real number

- it has a constant base b

- it has a variable exponent x

- to solve an exponential equation, take the log or ln of both sides,  

  and solve for the variable

* lets solve the problem

∵

- the base is 7 and the exponent is x

- insert ㏑ in both sides

∴

- use the rule

∴ x ㏑(7) = ㏑(77)

- to find x divide both sides by ㏑(7)

∴

* the solution of the equation is 2.23 to the nearest 2 decimal places