Answer:
the rate compounded semi-annually is compounded twice in a year. thus, this rate is higher than the rate compounded annually which is compounded once in a year
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
For example, there are two banks
Bank A offers 10% rate with semi-annual compounding
Bank B offers 10% rate with annual compounding.
If you deposit $100, the amount you would have after 2 years in each bank is
A = 100x (1 + 0.1/2)^4 = 121.55
B = 100 x (1 + 0.1)^2 = 121
The interest in bank a is 0.55 higher than that in bank B
Answer:
I'm not sure which answers choices you have so I am going to put two answers. But i believe the answer is 1/5 or 6 . I hope this helps you.
Answer:
6
Step-by-step explanation:
Step 1:
16 = 4 + 2x
Step 2:
12 = 2x
Answer:
6 = x
Hope This Helps :)
Answer: .0142%
Step-by-step explanation:
