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2 years ago

Difference between compounded annually, monthly and daily.

Mathematics

1 answer:

zvonat [6]2 years ago

5 0

Answer:

With monthly compounding, the bank will calculate interest on your account just once per month. It will not update your balance on a daily basis when it calculates how much interest it owes you. Assuming that the APR is the same, accounts with monthly compounding offer a lower APY than accounts with daily compounding.

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Ms. Wilson invested $34000 in two accounts, one yielding 8% interest and the other yielding 9%. If she received a total of

Digiron [165]

Answer:

Amount invested at 8 % rate = x = $ 15000

Amount invested at 9 % rate = 34000 - x = 34000 - 15000 = $ 19000

Step-by-step explanation:

Total Amount = $ 34000

Let amount invested at 8 % rate = x

Amount invested at 9 % rate = $ 34000 - x

Total interest = $ 2910

$2910 = \frac{x (8) (1)}{100} + \frac{(34000-x) (9) (1)}{100}$

291000 = 8 x + 306000 - 9 x

x = 306000 - 291000

x = 15000

So amount invested at 8 % rate = x = $ 15000

Amount invested at 9 % rate = 34000 - x = 34000 - 15000 = $ 19000

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3 years ago

A shopkeeper has 2,625 markers. He would like to pack 25 markers in each box. How many boxes will he need?

Lerok [7]

Answer:

it's 105 boxes.

Step-by-step explanation:

hope this helps! and sorry for the person just trying to get points.

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3 years ago

HELP this is important!

topjm [15]

Answer:

1. 11,17,23,29

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6 0

3 years ago

3) The ratio between the number of

salantis [7]

Answer:

Step-by-step explanation:

70÷14=5

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So the ratio would be 70:15 which can be simplified to 14:3

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3 years ago

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Murrr4er [49]

Answer: Obtuse

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