Hence, the percentage increment is 33.25%
9514 1404 393
Answer:
- 10,247.38 from continuous compounding
- 10,228.50 from semiannual compounding
- continuous compounding earns more
Step-by-step explanation:
The formula for the account balance from continuously compounded interest at annual rate r for t years is ...
A = Pe^(rt) . . . . P = principal invested
A = 8820e^(0.05·3) ≈ 10,247.38 . . . continuous compounding
__
The formula for the account balance from interest compounded semiannually at annual rate r for t years is ...
A = P(1 +r/2)^(2t)
A = 8820(1 +.05/2)^(2·3) ≈ 10,228.50 . . . semiannual compounding
Continuous compounding earns more.
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--Answer--
I think it's
Greatest = x+y
Least = -x
Closest = x-y
Hello
There are 8 thirds in 8/3 if you put 8/3 in the calculator it is 2.66 repeated or 2.6666666667
hope this helps
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