A discontinuity is present if any of ...
- the limit doesn't exist
- the limit is not the same as the value of the function
If the one of these that is the cause of discontinuity is the last one and defining the function will make this issue go away, then the discontinuity is removable.
1/5 is the smallest fraction
First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
Answer:
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the amount deposited.
P represents the principal or amount deposited.
R represents interest rate
T represents the duration in years.
From the information given,
P = 2500
R = 1.5%
T = 30 years
I = (2500 × 1.5 × 30)/100 = $1125
the account balance be after 30 years is
1125 + 2500 = $3625