Answer:
$0.025x² . . . where x is a number of percentage points
Step-by-step explanation:
The multiplier for semi-annual compounding will be ...
(1 + x/2)² = 1 + x + x²/4
The multiplier for annual compounding will be ...
1 + x
The multiplier for semiannual compounding is greater by ...
(1 + x + x²/4) - (1 + x) = x²/4
Maria's interest will be greater by $1000×(x²/4) = $250x², where x is a decimal fraction.
If x is a percent value, as in x = 6 when x percent = 6%, then the difference amount is ...
$250·(x/100)² = $0.025x² . . . where x is a number of percentage points
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<u>Example</u>:
For x percent = 6%, the difference in interest earned on $1000 for one year is $0.025×6² = $0.90.
Their profit made will be 4,420
This is because 0.60 x 1300 is 780
And the amount they will make by selling is $5200, because 1300 x 4
So we will do 5200 - 780, and that is the profit made- $4,420
10*350= 3500
Total amount paid- 1500+3500= 5000
So an amount of $5000 was paid to cover the cost of $4500 within the 10 month period.
So you answer is A. 33%
