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:
B differs from the others
Step-by-step explanation:
The other lines all have slopes of 5. Graph b has a slope of 5.5
Step-by-step explanation:
5/6×12..1/5 x 100cm(1m)
i think so dont hate me
I think it’s 51.6% because 8.3% interest at the rate of 6 years is just 8.3 multiplied by 6 which is 51.6
