Answer:
6% monthly
Step-by-step explanation:
The monthly rate being compounded when the interest is 6% per year is ...
6%/12 = 0.5%
so the multiplier each month is
1 + 0.5% = 1.005
___
The monthly multiplier when 5.86% is compounded continuously is ...
e^(5.86%/12) ≈ 1.004895
The 6% rate will give a larger yield after any length of time.
Answer:
5 hours must pass
Step-by-step explanation:
Graph the equations y = 2x + 100 and y = -6x + 140
Then find the x intercept of their intersection, in this case, that is 5
Answer: (not enough information) Is there a picture that goes along with the problem?
Step-by-step explanation:
Answer:
1/0.4=10/4=5/2...............
