9514 1404 393
Answer:
Compounded continuously, $5,02
Step-by-step explanation:
Compounded quarterly, the amount in the account will be ...
A = 6500(1 +.0325/4)^(4·5) ≈ 7641.89
Compounded continuously, the amount in the account will be ...
A = 6500e^(.0325·5) = 7646.91
So, the account compounding continuously has the higher yield, by the amount of ...
$7646.91 -7641.89 = $5.02
With $2.16, Albert can buy:
2 pencils
OR
6 markers
Therefore, Albert can buy 4 more markers than he can pencils.
$4
You round it to the nearest dollar which would be 20 and then 20% of $20 is 4