Please help with this math question

Mathematics

2 answers:

Ilya [14]3 years ago

8 0

Answer:

(a) The continuously compounding account

(b) $1.39

Step-by-step explanation:

(a) At identical interest rates, continuous compounding will yield the greatest account balance when compared to periodic forms of compounding (i.e., yearly, quarterly, monthly, weekly, etc.).

(b) By compounding interest monthly, Gregory's account balance will be $6,291.61 after 10 years. By compounding interest continuously, his balance will be $6,293.00. Therefore, by choosing the continuously compounding account, he will earn $1.39 more over 10 years.

Hatshy [7]3 years ago

3 0

Answer:

(a) Account B

(b) $1.39,

Step-by-step explanation:

(a) The account with continuous compound interest will earn the most.

(b) Amount with 2.3% interest = 5000(1 + (0,023/12))^120

= $6291.61.

Amount with Continuous compound interest

= 5000e^(0.023*10) = $6293.00.

Greg earns $1.39 more with Account B.

You might be interested in

Plot the flowing points on the number line without measuring.

N76 [4]

Answer:

1/4, 3/5, 8/10

Step-by-step explanation:

3/5 is greater than 1/4

(2/4 is equal to 2.5/5---that should give you a visual picture why)

8/10 is greater than 3/5

3/5 multipled by 2 is 6/10

so, 6/10<8/10

3 0

3 years ago

Read 2 more answers

SERIOUSLY HELPPPPPPPP

AlekseyPX

9514 1404 393

Answer:

as x increases, f(x) decreases;
as x decreases,f(x) decreases

Step-by-step explanation:

The function is of even degree with a negative leading coefficient. f(x) will tend toward negative infinity as x gets larger or smaller. That is ...

as x increases, f(x) decreases;
as x decreases,f(x) decreases

_____

Even degree means the end behaviors are the same for both large and small x. Negative leading coefficient means the function value decreases for larger x.