With compounding, the amount in her account would be $10,050.
With simple interest, the amount that would be in her account would be $10,100.
Usually, an account that earns compound interest would have a higher value when compared with an account that earns a simple interest.
<h3>How much would Stephanie have in her account after 6 months?</h3>
The formula that is used to calculate the future value with quarterly compounding is:
FV = P(1 + r)^n
- P = amount deposited
- r = interest rate = 2%/4 = 0.5%
- n = number of periods = 1
10,000(1.005) = 10,050.
Simple interest = 10,000 x 6/12 x 2% = $100
10,000 + 100 = $10,100
To learn more about compound value, please check: brainly.com/question/26331578
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Answer:
48
Step-by-step explanation:
You can easily find the percent of a number by multiplying the percent in decimal format (0.32) by the number you want to find the percent of.
150 * 0.32 = 48
Answer:
b×-5≤-3/4
Step-by-step explanation:
if its at most that means b times -5 is less or equal. (also remember the line under the inequality symbol)
Answer:
12.7=x
Step-by-step explanation:
y=mx+b
10=.65x+1.75
-1.75 -1.75
<u>8.25=.65x</u>
.65 .65
12.69=x round up
12.7=x