Solving for the amount of maturity given that it is compounded monthly for 1 year with an interest of 3%, we have the formula and solution below:
A = P (1+r/n)^rn
A = $5,000 (1.040417)
A =$5202.085
For compounded daily, we have the solution below:
A = $5,000 (1.040443)
A = $5202.215
The difference in amount is shown below:
Difference = $5202.215 - $5202.085
Difference = $0.13
Answer:
Step-by-step explanation:
−7−4p+5
−4p+(−7+5)
Ans
−4p−2
Answer:
160
Step-by-step explanation:
4 is too low, 90 cant be divided by 8 and 160 is the only answer even though it is highest number
