9514 1404 393
Answer:
- 10,247.38 from continuous compounding
- 10,228.50 from semiannual compounding
- continuous compounding earns more
Step-by-step explanation:
The formula for the account balance from continuously compounded interest at annual rate r for t years is ...
A = Pe^(rt) . . . . P = principal invested
A = 8820e^(0.05·3) ≈ 10,247.38 . . . continuous compounding
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The formula for the account balance from interest compounded semiannually at annual rate r for t years is ...
A = P(1 +r/2)^(2t)
A = 8820(1 +.05/2)^(2·3) ≈ 10,228.50 . . . semiannual compounding
Continuous compounding earns more.
Answer:
90
Step-by-step explanation:
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x = 5
y = -1
Step-by-step explanation:
from second equation,
by putting the value of y in first equation
- y = -x + 4
- -1 = -x + 4
- -x = -1 -4
- -x = -5
- x = 5
x = 5 and y = -1
2+2 is 4 minus one that's 3 quick maths but 2+1 is equal to 3