Over 2 years, how much more does $2000 in a savings account with an APR of 4.2% compounded semiannually earn in interest than th
e same amount in a savings account with an APR of 3.6% compounded monthly? A. $24.29 B. $12.15 C. $6.07 D. $48.58
2 answers:
Below is the solution:
<span>A = 2000[1 + (.042/2)]^(2*2)
A = 2173.366476962
A = 2173.37
I = 2173.37 - 2000
I = 173.37
A = 2000[1 + (.036/12)]^(12*2)
A = 2149.0790382667085294501721261072
A = 2149.08
I = 2149.08 - 2000
I = 149.08
173.37 - 149.08 = 24.29</span>
Answer:
$24.29 is correct
Step-by-step explanation:
You might be interested in
Seja E a expressão que queremos calcular:
Hey there!
Hope this helps. - M
<h2>>> Answer </h2>
________
3y + 1 = 10
3y = 10 - 1
3y = 9
y = 9 ÷ 3
y = 3
I think it’s -156.250771950772
