Suppose That the Sum of Two Whole Numbers Is 13 $\frac { 13 } { 40 }$

question 157

Multiple Choice

Suppose that the sum of two whole numbers is 13 and the sum of their reciprocals is $\frac { 13 } { 40 }$ Find the numbers.

• A) 8 and 7
• B) 7 and 6
• C) 5 and 8
• D) 6 and 8

Comprehend the impact of changes in periodic interest rates on the effective annual rate.

Calculate and understand the equivalent interest rates for various compounding frequencies.

Determine the most profitable investment option among different interest rates and compounding frequencies.

Calculate the total return on investment, including both income yield and capital gain yield.

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Definitions:

Return Ratio

A financial metric used to measure the efficiency or profitability of an investment, calculated by dividing the gain (or loss) from the investment by its cost.

Total Assets

The sum of all assets owned by an entity, including both current and long-term assets, representing the total value of what the entity owns.

Profitability

The ability of a firm to earn income.

Days' Sales

A financial metric that compares a company's average receivables to its average daily sales, indicating how fast the company collects payments from customers.