Answer:
3 to 1
Step-by-step explanation:
They are both equivalent to 1, so they are equal.
9514 1404 393
Answer:
$935.11
Step-by-step explanation:
The amount is given by the formula ...
A = P(1 +r/n)^(nt) . . . P invested at rate r for t years compounded n per year
A = $850(1 +0.024/2)^(2·4) = $935.11
The amount accumulated will be $935.11 after 4 years.
