3 years ago

P O I N T S

Mathematics

2 answers:

Alborosie3 years ago

7 0

Answer:

Step-by-step explanation:

could i have brainliest plz i need one more thx

Romashka [77]3 years ago

7 0

It is giving me 50 points

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The equation s=p(1+r)^t can be used to model a person’s future income. S = future salary, p = current salary, r = rate of increa

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t = 5
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s = 43000(1.03)^5
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Step-by-step explanation:

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Suppose you have $10,000 to invest. Which investment yields the greater return over 7 years: 6.6% compounded monthly or 6.7% com

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Answer:

C) $10,000 invested at 6.7% compounded quarterly over 7 years yields the greater return.

Step-by-step explanation:

-We determine the effective interest rate in both scenarios and use it to calculate the investment's value after 7 years.

#Given n=7yrs, P=$10,000 and i=6.6% compounded monthly:

$i_m=(1+i/m)^m-1\\\\=(1+0.066/12)^{12}-1=0.06803\\\\\therefore A=P(1+i_m)^n\\\\=10000(1.06803)^7\\\\\approx \$15,852.00$

#Given n=7rs, P=10000, i=6.7%

$i_m=(1+i/m)^m-1\\\\=(1+0.067/4)^{4}-1=0.06870\\\\\therefore A=P(1+i_m)^n\\\\=10000(1.06870)^7\\\\\approx \$15,921.75$

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