3 is the Anwser put number 3 in
Answer:
the rate compounded semi-annually is compounded twice in a year. thus, this rate is higher than the rate compounded annually which is compounded once in a year
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
For example, there are two banks
Bank A offers 10% rate with semi-annual compounding
Bank B offers 10% rate with annual compounding.
If you deposit $100, the amount you would have after 2 years in each bank is
A = 100x (1 + 0.1/2)^4 = 121.55
B = 100 x (1 + 0.1)^2 = 121
The interest in bank a is 0.55 higher than that in bank B
Answer:
I'm just here for my points sorry bro
The answer is B. -7m+12.
First distribute the -2 to 6m and -5.
5m-2(6m-5)+2
5m+(-2*6m)+(-2*-5)+2
5m+-12m+10+2
After that, combine the like terms.
5m+-12m+10+2
-5m+-12m=-7m
10+2=12
The simplified expression is -7m+12.
