Answer:
It was greater than 18.96 whether interest was compounded daily or monthly
Step-by-step explanation:
Answer is a to the question
Answer:
Mr. Chang will have 15714.90 dollars.
Step-by-step explanation:
p = 650
r = 
Number of periods or n = 
Future value formula is : ![p[\frac{(1+r)^{n}-1}{r} ]](https://tex.z-dn.net/?f=p%5B%5Cfrac%7B%281%2Br%29%5E%7Bn%7D-1%7D%7Br%7D%20%5D)
Putting the values in formula we get;
![650[\frac{(1+0.0195)^{20}-1}{0.0195} ]](https://tex.z-dn.net/?f=650%5B%5Cfrac%7B%281%2B0.0195%29%5E%7B20%7D-1%7D%7B0.0195%7D%20%5D)
= $15714.90
Hence, Mr. Chang will have 15714.90 dollars.
804 * 219 = 176,076
3674 * 89 = 326,986
4321 * 96 = 414,816
6782 divided by 5 = 1356.4
3224 divided by 96 = 33.58
3224 divided by 8 = 403
U have to add all the percentages up which would add up to 1