What is 7/8 divided by 1/20
2 answers:
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Answer: see below
<u>Step-by-step explanation:</u>
1) 10, 2, 1.2, 1.12, 1.112, 1.1112
t₁ = 10
t₂ = 10/10 + 1 = 2
t₃ = 2/10 + 1 = 1.2
t₄ = 1.2/10 + 1 = 1.12
t₅ = 1.12/10 + 1 = 1.112
t₆ = 1.112/10 + 1 = 1.1112
2) 10, 2, -2, -4, -5, -5.5, ...
t₁ = 10
t₂ = 10/2 - 3 = 2
t₃ = 2/2 - 3 = -2
t₄ = -2/2 - 3 = -4
t₅ = -4/2 - 3 = -5
t₆ = -5/2 - 3 = -5.5
Answer:
see the explanation
Step-by-step explanation:
we know that
step 1
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Applying property of exponents
step 2
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
Applying property of exponents
step 3
Compare the final amount
therefore
Find the difference
----> Additional amount of money you would have in your pocket if you had used a continuously compounded account with the same interest rate and the same principal.