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
Answers:
5. x = 1
6. y = 11.5
Step-by-step explanation:
For question 5, you can use power of a point which describes the relationship of two secants intersecting inside a circle. You get the formula:
AC * CD = BC * CE
You can substitute the values you are given to get:
2 * 4 = x * 8
This gives you x = 1
For question 6, you can use another formula in power of a point that describes two secants intersecting in the exterior of a circle. You get the formula:
GH * GJ = GI * GK
Using segment addition postulate, you get:
GJ = GH + HJ = 5 + 16 = 21
GK = GI + IK = 6 + y --> y + 6
Now, substitute into the equation from power of a point:
5 * 21 = 6 * (y + 6)
105 = 6 * (y + 6)
17.5 = y + 6
y = 11.5
You follow the rules for the quadratic formula, where
x= (-b +- √(b²-4ac) )/2a
Filling a, b and c in yields
x = (8 +- √(64-164) ) / 2 =>
x = (8 - √-100)/2 or x = (4 + √-100)/2
Well, √-100 = 10i, so then you simplify to the last answer, D:
x = 4-5i or x=4+5i