Susan investment = $6000
John investement = $4000
Pria investment = $12000
investment proportion of Susan, John and Pria = 6:4:12= 3:2:6
Hence, Pria share in profit = (6/11)*$12000
= $ 6,545.454
Answer:
Jacinta will have more money
Step-by-step explanation:
- For the same amount of investment and interest rate, compound interest is greater with greater number of compounds.
- Continuous compound is closer to daily compound which makes more compounds and returns than quarterly compound.
The interest amount is provided below for quarterly and daily compound:
Jacinta will have more money
56. 4 goes in 14 times. 14 goes in 4 times. 7 goes in 8 times.
