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:x=-7
Step-by-step explanation:
Answer:
HI
Step-by-step explanation:
300=x+1.9x
I got this by dividing the problem into two parts x[the speed of the first half] plus 1.9x [the speed of the second half increased by 1.9] both of those together should give you 300.
I went further and solved this...If you placed 103.5 into this problem for x you should get 300.15!
