Answer:
the rate compounded semi-annually is compounded twice in a year. thus, this rate is higher than the rate compounded annually which is compounded once in a year
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
For example, there are two banks
Bank A offers 10% rate with semi-annual compounding
Bank B offers 10% rate with annual compounding.
If you deposit $100, the amount you would have after 2 years in each bank is
A = 100x (1 + 0.1/2)^4 = 121.55
B = 100 x (1 + 0.1)^2 = 121
The interest in bank a is 0.55 higher than that in bank B
Answer:
Step-by-step explanation:
Domain:all real values
Range:[5,∞)
Answer:
However much he had on his card in the first place.
Step-by-step explanation:
Say he had $500 on his card. He took 0 rides ( no rides ) so he doesn't lose any money. Leaving him with his starting amount, $500.
Answer:
235
Step-by-step explanation:
Add the labeled angles
23+40+92+80
235
Let x = the unknown number to get x = 6
