Given that a bank representative studies compound interest, so she can better serve customers. She analyzes what happens when $2,000 earns interest several different ways at a rate of 2% for 3 years.

a) the interest if it is computed using simple interest. 12.00

= $\frac{2000(3)(12)}{100} \\=720$ dollars

b) the interest if it is compounded annually.

= $2000(1.12)^3-2000\\= 809.86$ dollars

c) the interest if it is compounded semiannually

= $2000(1.06)^6 -2000\\= 837.04$

d) the interest if it is compounded quarterly.

= $2000(1.03)^12 -2000\\= 851.52$

e) the interest if it is compounded monthly.

= $2000(1.01)^24 -2000\\= 861.54$

4 0

3 years ago

Who is ~Satori Komeiji~ ?

Lerok [7]

Answer:

is a character from Touhou Project debuting in the video game, Subterranean Animism. She is the Mistress of the Palace of the Earth Spirits after the underground city was separated from Hell.

Step-by-step explanation:

8 0

3 years ago

Read 2 more answers

Find the difference 67/8 - 43/8=

dmitriy555 [2]

Answer: 3

Step-by-step explanation:

Since the denominator of the two fractions are already the same, we do not have to alter the fractions at all

Because the denominators are the same, all we have to worry about is the numerator, so take 67 and subtract 43 from it to get 24

$\frac{67}{8} -\frac{43}{8} =\frac{24}{8}$