In short and without much fuss
let's say Anne puts "x" amount in the account at 1.2% rate annually, that means after 1 year, she will have "x" + 1.2% of "x", or 1.012x to be exact.
the 1.2% rate, kicks in as the period of a year is met.
now, what if Anne puts it in the monthly compounded type? that means, the compounding period is a month, so after 1 month, she has 1.2% extra, or 1.012x, and after 2 months, she will have 1.2% extra of 1.012x, or 1.012144x, and after 3 months, she will have 1.2% extra of 1.0121x, or 1.012145728x and so on.
anyhow, the shorter the compounding period, the more the 1.2% kicks in, the more accumulation in the account.
Answer:
1/2 chance
Step-by-step explanation:
A cube has 6 sides. 1, 2, 3, 4, 5, 6.
2, 3, and 5 are primes.
3/6=1/2.
Answer:
it is the second one
Step-by-step explanation:
Lines that never intersect
Answer:
Step-by-step explanation:
3x + 4(x - 8) - x = 3/5 (10x + 15)
3x + 4x - 32 - x = 3(2x + 3)
6x - 32 = 6x + 9
This is what I did. I'm not sure that this problem has a solution
