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:
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Answer:
The area is 452cm
Step-by-step explanation:
For the big square we have to multiply 15*18 and that is the area so-
15*18=270
Next we multiply 13 and 14
13*14=182
And now we add 270 and 182 to get the total area
270+182=452
Using the normal distribution, it is found that 25.14% of the batteries will last more than 420 hours.
<h3>Normal Probability Distribution</h3>
The z-score of a measure X of a normally distributed variable with mean
and standard deviation
is given by:

- The z-score measures how many standard deviations the measure is above or below the mean.
- Looking at the z-score table, the p-value associated with this z-score is found, which is the percentile of X.
In this problem, we have that the mean and the standard deviation are given, respectively, by:
.
The proportion of the batteries will last more than 420 hours is <u>one subtracted by the p-value of Z when X = 420</u>, hence:


Z = 0.67
Z = 0.67 has a p-value of 0.7486.
1 - 0.7486 = 0.2514.
0.2514 = 25.14% of the batteries will last more than 420 hours.
More can be learned about the normal distribution at brainly.com/question/24663213
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