Answer:
0.4 > 0.27
Step-by-step explanation:
0.4 is more if you look at the diagram
Answer:
Step-by-step explanation:
we know that
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
solve for P
The best thing to do is to find 10%, and you can do this by dividing $270 by 10, and therefore, $27 is equal to 10%. To find 40%, you've got to multiply $27 by 4, and this gives you $108. Therefore, gabriel saved $108 last month :)
hope this helps u