All categories

3 years ago

13. How much money will 8820 Vield in investa

Mathematics

1 answer:

zavuch27 [327]3 years ago

7 0

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.

You might be interested in

Write a trinomial which is degree 2, where the coefficient of the highest degree term is 7.

Nady [450]

Answer:

7x^2 - 2x - 3.

Step-by-step explanation:

Starts with 7x^2 then a term in x then a constant.

4 0

2 years ago

There are 8 fewer tigers than lions at the zoo. There are 8 tigers at the zoo. How many lions does the zoo have?

Aleks04 [339]

Sixteen because if there are eight less tigers than lions at a zoo, then that means you add 8 to get the number of lions

8 0

3 years ago

Read 2 more answers

Tems11 [23]

Answer:

one board game cost 15 dollars

75/5=15

15y

y = number of board games and 15= the price of each board game

so to calculate any number of board games bought just input the number of board games bought for y in the expression 15y and you will get the price.

Step-by-step explanation:

6 0

2 years ago

Seventh grade > DD.7 Compound events: find the number of outcomes HZR

mario62 [17]

Sjsisusuahsjejejeej c

3 0

3 years ago

The temperature at noon was 88°f. By 4 p.M., the temperature was 27°f. Determine the constant rate of change of the temperature.

yawa3891 [41]

i think it would be 2 degrees every hour for 10 to 11 hours i think it would be 2 degrees

8 0

3 years ago