True or false: one reason for the growth of sponsorships has been the need for companies to break through the clutter of adverti
1 answer:
You might be interested in
Answer:
Cindy has more amount than Jimmy.
Explanation:
Amount invested by Cindy P = $3000
Annual rate of interest = 8%
As the amount is compounded semiannually
So rate of interest %
Time = 20 year
So time period n = 20×2 = 40
So amount own by Cindy
$
Amount deposit by jimmy P = $3000
Annual rate of interest = 7.75 %
As the amount is compounded monthly
So rate of interest %
Time period = 20×12 = 240
So amount own by Jimmy
$
From the calculation we can see that Cindy has more amount than Jimmy.