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
The first one is 24, and the second one is 12
Answer:
36 cm squared is the anwer
Answer:
540x+680y<=20000
Step-by-step explanation:
x will be the number of laptops. Since they are $540 each, 540x is the amount spent on laptops, depending on how many (x) are purchased.
y will be the number if desktops. Since they are $680 each, 680y is the amount spent on desktops, depending on how many (y) are purchased.
Adding all the money spent on laptops and desktops, we get
540x + 680y. This amount must be less than the $20000. It can be exactly $20000 also. But it cannot be more than $20000.
540x+680y<=20000
