1/2 is 2/4, and so we would need another 1/4 to make it equal to 3/4
1/8 is not equal to 1/4, so 1/2+1/8 does not equal 3/4
10% = 0.1
10% of 5 = 10% x 5 = 0.1 x 5
therefore, the answer is $0.50
Answer:
quarterly N = 4
semi-annually N = 2
Monthly N = 12
annually N = 1
Step-by-step explanation:
Given the following compound interest times :
N = number of times interest is compounded per period :
A period is regarded as a whole year.
Interest compounded;
QUARTERLY = Every 4 months per period = 12/3= 4
SEMI ANNUALLY = Every 6 months per period = 12/6 = 2
MONTHLY = Every month = 12 / 1 = 12
ANNUALLY = Every 12 months = 12 /12 = 1
