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Hanifa and Imani both are studying for a final exam. Both have a goal of attaining a grade of 91 or better. Imani studied 6 hours and made a grade of 92. Hanifa studied for 9 hours and also made a grade of 92.
-Which of the students was more productive?
Equivalent Interest Rate
The interest rate that gives the same compounded financial outcome as other rates calculated over different time periods.
Nearest 0.01%
Rounding off a numerical figure to the closest one hundredth of a percent.
Equivalent Interest Rate
A rate that provides the same accumulated interest as would be obtained from several other interest rates over a given time period.
Nearest 0.01%
Adjusting a value so that it is close to an exact hundredth of a percent, enhancing precision.
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