1 = 100%
1 % = 1/100 = 0.01
0.6 % = 0.6 · 0.01 = 0.006
Answer: C ) 0.006
Answer:
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Step-by-step explanation:
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The keyword is "sum" which tells you x, y, and z are being added. One half of the sum means that the sum of the three numbers is going to be divided by 2.
x + y + z
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2
The answer is 52,000.
You have to add all of the values and divide them by the number of values. In this case you would do 30,000 + 50,000 + 30,000 + 80,000 + 70,000 which equals 260,000 then you would divide that number by 5 since there are 5 values.
Continuous compounding is the mathematical limit that compound interest can reach.
It is the limit of the function A(1 + 1/n) ^ n as n approaches infinity. IN theory interest is added to the initial amount A every infinitesimally small instant.
The limit of (1 + 1/n)^n is the number e ( = 2.718281828 to 9 dec places).
Say we invest $1000 at daily compounding at yearly interest of 2 %. After 1 year the $1000 will increase to:-
1000 ( 1 + 0.02/365)^365 = $1020.20
with continuous compounding this will be
1000 * e^1 = $2718.28
