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:
-88
Step-by-step explanation:
Let N(x) be the number of students at NMS for a certain number of years.
Let S(x) be the number of students at SMS for a certain number of years.
Let x be the number of years.
N(x)=1240-25x
S(x)=800-30x
When # of students is equal, N(x)=S(x). Therefore, we are looking for the value of x (# of years) when 1240-25x=800-30x
Subtract 1240 from each side
-25x=-440-30x
Add 30x
5x=-400
x=-88 years
Check your numbers.
5+23= 28 .........................
Jewelery maker has
24 jade beads
30 teak Beads
So we need to find the highest common factor for both 24 and 30
The factors for both numbers are
24 -1,2,3,4,6,8,12,24
30 - 1,2,3,5,6,10,15,30
The highest common factor for both is 6
The greatest number of necklaces she can make is 6
Number of jade beads - 24/6 = 4 jade beads
Number of teak beads - 30/6 = 5 teak beads
So each necklace will have 4 jade beads and 5 teak beads
