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:
the answer is 9
Step-by-step explanation:
Answer:
The expression is 7+3b≥12
The solution is b≥5/3
Step-by-step explanation:
7+3b≥12
3b≥5
b≥5/3
crosses x-axis at (2, 0 ) and y-axis at (0, - 4 )
To find where the graph crosses the x and y axes ( intercepts )
• let x = 0, in the equation for y- intercept
• let y = 0, in the equation for x- intercept
x = 0 : y = 0 - 4 = - 4 ⇒ (0, - 4 )
y = 0 : 2x - 4 = 0 ⇒ 2x = 4 ⇒ x = 2 ⇒ (2, 0 )
Answer: 40%
Step-by-step explanation: 20 hours jogging/ 50 total hours gives you .4 which is 40%