Answer: 2.5%
Step-by-step explanation:
Hi, to answer this question we have to apply the compounded interest formula:
A = P (1 + r/n) nt
Where:
A = Future value of investment (principal + interest)
P = Principal Amount
r = Nominal Interest Rate (decimal form, 10/100= 0.1)
n= number of compounding periods in each year (365)
Replacing with the values given
A=250(1+0.1/1)^t/1
A=250(1.1)^t
For a interest compounded annually, n=1, compounded quarterly n= 4 (4quarters in a year )
Interest rate 0.1 /4 = 0.025= 2.5%
Answer:
8n
Step-by-step explanation:
8n is the factor of both 8 and n. in the following question. Factor ⇒ If a number, that use to divide another number and we get zero as a remainder, the number is called the factor of another number.
Answer:
(3,2)
Step-by-step explanation:
take negative from inside bracket as x and contant outside as y, and done
Answer:
One that compound interest daily.
Step-by-step explanation:
The account that compound interest daily earn us more money because the interest calculated in this type of account is on daily basis. so we get more money compare to other accounts.
And in this type of account we get interest on the interest amount also on the daily basis. So we get more amount on this type of account other than the other accounts. so these account are the best for interest purposes
5510 = x + (x + 100) + (x + 200) + (x + 300) + (x + 400) + (x + 500) + (x + 600) + (x +700) + (x + 800) + (x + 900) = 10x + 4500
=> 10x = 5510 - 4500 = 1010
=> x = 1010 / 10 = 101
=> least prize = 101 and greatest prize = 101+ 900 = 1001.<----- answer
