Answer:
the rate compounded semi-annually is compounded twice in a year. thus, this rate is higher than the rate compounded annually which is compounded once in a year
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
For example, there are two banks
Bank A offers 10% rate with semi-annual compounding
Bank B offers 10% rate with annual compounding.
If you deposit $100, the amount you would have after 2 years in each bank is
A = 100x (1 + 0.1/2)^4 = 121.55
B = 100 x (1 + 0.1)^2 = 121
The interest in bank a is 0.55 higher than that in bank B
Answer:
20 meters
Step-by-step explanation:
The track is circular so it means that after Patrick raced the entire track he is back at the starting point. In other words, every 440 meters he is back to the beginning.
So we would have that, if he races round the track twice, he would run 440(2) = 880 meters and he would be back at the starting point.
The problem asks us how far is he from the starting point at the 900 meter mark. If at 880 meters he is at the starting point, then at 900 meters he would be meters from the starting point.
Answer:
4/1
Step-by-step explanation:
this is because it is 4x
Answer:
D
Step-by-step explanation: