0.27 is the answer, hope it helps
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:
x is 0.
Step-by-step explanation:
Subtract both sides by 3x. Then, you will have 10= x+10. Subtract 10 on both sides to isolate x, then you will have x=0. Therefore, this equation on both sides has a solution of 0. Hope this helps!
