The answer is 8.5% interest compounded daily.
EXPLANATION
Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.
A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.
Answer:
3.
7.608
Step-by-step explanation:
An irrational number is any number which can't be written as a fraction this way. For example, pi and the square root of two cannot be expressed as a fraction of two whole numbers, so they are both irrational.
if we make the respective accounts in the first and second problem we will see that they are irrational numbers
the fourth is a periodic number, which falls within the irrational
the only rational is the third
<span>Just find the volume of each cube separately and add together the results. First cube has side length 5h^2. What is the formula for the volume of a cube? Second cube has side length 3k. Whats its volume?</span>
It shows the Ora scale for area multiply width and length
Answer:
$17,276
Step-by-step explanation:
Given data
Time= 5 years
Principal= $14,000
Rate= 4.3%
We want to find the final amount
A=P(1+r)^t
Substitute
A= 14000(1+0.043)^5
A= 14000(1.043)^5
A= 14000*1.234
A=$17276
Hence the total amount is $17,276
