Answer:
90/200
Step-by-step:
Kahn Academy marked it correct
Hi
Here is you answer mate
But don’t forget to mark me the brainliest
Plug the applicable numbers into the compound interest formula and see which is more.
A = p(1+r/n)nt
A = future amount
p =principal investment
r = interest rate as a decimal
n = number times compounded per year
t = time in years
A = 5000(1+.0743/365)365(10)
= 5000(1.000203562)3650 = $10,510.38
A = 5000(1+.075/4)4(10)
= 5000(1.01875)40 = $10,511.75
As you can see these are practically equal, but the 7.5% quarterly is more.
The answer is the number 1.
