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
Step-by-step explanation:
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Ten cakes costs $2.19 (pounds, but I don't have a pounds symbol on my computer) because if you divide $2.10 by seven you get $0.3, and if you add 3×0.3 (because we have seven, and we need to add three more to get ten) we get $0.9.
0.9+2.10=2.19
Step-by-step explanation:
or
Hope it will help :)
Answer: The proportion of employees who either have MBAs or are managers are 0.58.
Step-by-step explanation:
Since we have given that
Probability of employees having managerial positions = 67%
Probability of employees having MBA degrees = 58%
Probability of managers having MBA degrees = 67%
So, using probability formulas, we get that
Hence, the proportion of employees who either have MBAs or are managers are 0.58.
