1.The boiling temperature of water decreases about 3 oC for every 1,000 meter rise in altitude. Find the rate of decrease in units of
a) K b)F,
c)R
for each 1,000m rise in altitude.
2.A student bought a $75 used guitar and agreed to pay for with a single $85 payment at the end of the 6 months. assuming semiannual (every 6 months) compounding, what is the normal annual interest rate? what is the effective interest rate?