We are given
amount $11,000 to invest
so,
P=11000
For Compounded continuously:
P=11000
r=0.0625
t=10
now, we can use formula
now, we can plug values
and we get
we get
Amount is $ 20550.70553
For Compounded semi-annually:
P=11000
r=0.063
t=10
n=2
now, we can use formula
now, we can plug values
and we get
now, we can simplify it
so, Amount is $20453.95666
so, amount for compounded continuously is greater...........Answer
Answer:
Step-by-step explanation:
I eat some chocolate cookies
Answer:
The probability that you will roll a 4 is 1/6
Step-by-step explanation:
A basic number cube has 6 sides.
Each side is marked by one of the numbers: 1, 2, 3, 4, 5, 6
The 4 is only on one out 6 of the sides so it is 1/6 probability
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Answer:
Grater than ( < ), and less than ( > ).