Your money grows faster because the interest is added back into the principle and then the next time it compounds you get interest on the new principle amount. So for example, you deposit $100 in an account that gets 5% interest compounded semiannually. The first time it compounds you get $5 added to your account so your new balance is $105. The next time it compounds you get 5% on $105 so you get $5.25 added and so on. If this is only happening semi-annually that would be all you get for the year. But if it happens quarterly you would get would get deposits of $5.51 and $5.79 as well. If it compounds monthly or even daily your money would grow more and more. Hope this helps.
Answer:
C) 3
Step-by-step explanation:
The answer is B, because it all goes in order so no need for parentheses
I believe that answer is 31
Answer:
I think the answer is b
Step-by-step explanation:
I think its b because, $22.95 plus $13.45 equals $36.40. And divide that by 22, and get $1.60 rounded is $2.00. I hope this can help.
