Answer:
about $0.14
Step-by-step explanation:
$4.36 (1/32) =
0.13625 =
about $0.14
Answer:
28
Step-by-step explanation:
Hope this helped.
Answer: 7/25-1/25i
Step-by-step explanation:
Yes compund interest is always greater than simple interest
simple interest = principal
compound interest = principal + accumulated interest
Answer:
7.87 years
Step-by-step explanation:
#First we determine the effective annual rate based on the 9% compounded semi annual;

#We then use this effective rate in the compound interest formula to solve for n. Given that the principal doubles after 2 yrs:

Hence, it takes 7.87 years for the principal amount to double.