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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.
<h2><u>The value of x is equal to 6.</u></h2>
2 + 3x = 20
Subtract 2 from both sides.
3x = 18
Divide both sides by 3.
x = 6
Question: The variable k represents a value in the set {-2,-4,-6,-8}. Which value of k make 4(1.5-k)-10=56/2 a true statement?
Step-by-step explanation:
brainly.com/question/23369106
