Hi
Here is you answer mate
But don’t forget to mark me the brainliest
Plug the applicable numbers into the compound interest formula and see which is more.
A = p(1+r/n)nt
A = future amount
p =principal investment
r = interest rate as a decimal
n = number times compounded per year
t = time in years
A = 5000(1+.0743/365)365(10)
= 5000(1.000203562)3650 = $10,510.38
A = 5000(1+.075/4)4(10)
= 5000(1.01875)40 = $10,511.75
As you can see these are practically equal, but the 7.5% quarterly is more.
It depends on the vehicle but normally four of five
Answer:
48
Step-by-step explanation:
here, we are using an = ar^n-1
so, we have to find a4= ar^4-1 = ar^3
now, putting the given values in the equation,
a4= (6)(2)^3 = 6(8) = 48
therefore, the 4th term is 48.
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