C. Savings account B because it has more compounding periods per year.
Step-by-step explanation:
Step 1:
Savings account A has an APR of 5% which compounds interest semiannually. This means that savings account A compounds twice in a year. If account A compounds 5% a time, it would compound 5(2) = 10% in a single year.
Step 2:
Savings account B also has an APR of 5% which compounds interest quarterly. This means that savings account B compounds four times in a year. If account B compounds 5% a time, it would compound 5(4) = 20% in a single year.
Step 3:
Savings account A gets an interest of 5% a year while savings account B gets an interest of 10% so account B offers a higher APR because of more compoundings in a year.
After reading the problem, you are often asked to solve it.
Answer:
19,320
Step-by-step explanation:
Answer:
x=6
Step-by-step explanation:
multiply 7 by x and 7 by -4. You get 7x-28=14, add 28 to 14, which is 42. So 7x=42, then divide 7 on both sides, and you get x=6.
3 and 2/9. You just multiply 9 by 3 to get 27 and put the remaining 2 over 9
