Your money grows faster because the interest is added back into the principle and then the next time it compounds you get interest on the new principle amount. So for example, you deposit $100 in an account that gets 5% interest compounded semiannually. The first time it compounds you get $5 added to your account so your new balance is $105. The next time it compounds you get 5% on $105 so you get $5.25 added and so on. If this is only happening semi-annually that would be all you get for the year. But if it happens quarterly you would get would get deposits of $5.51 and $5.79 as well. If it compounds monthly or even daily your money would grow more and more. Hope this helps.
Answer:
Step-by-step explanation:
Let the first number = x
Let the second number = x + 9
Let the third number = 4x
Together they make 123
x + x + 9 + 4x = 123 combine the left
6x + 9 = 123 Subtract 9 from both sides
6x = 123 - 9
6x = 114 Divide by 6
x = 114/6
x = 19
=================
First number = 19
Second number = 19 + 9 = 28
Third number = 4*19 = 76
Answer:
D, A, I cannot read the rest of #3, C, C.
Step-by-step explanation:
Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the total amount owed
P is the amount of money borrowed
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
We can see that
both lines intersects at origin
so, the solution is x=0 and y=0
now, we will check each options
option-A:
now, we can set them equal
and then we can solve for x
now, we can find y
so, solution is x=0 and y=0
so, this correct...........Answer
