Domain: x>0.
Substitute
. We have:
For t₁ there will be:
and for t₂:
Answer d)
Substitute
For t₁ there will be:
and for t₂:
Answer d)
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The answer is "<span>the number of times the account compounds interest</span>".
The general formula is the following:
wherein r is the interest rate compound each four months.
Since there is 3*4 months in a year, then each year we compute the interest Three time, there where the factor 3 comes.
The general formula is the following:
wherein r is the interest rate compound each four months.
Since there is 3*4 months in a year, then each year we compute the interest Three time, there where the factor 3 comes.