Answer:
C) $10,000 invested at 6.7% compounded quarterly over 7 years yields the greater return.
Step-by-step explanation:
-We determine the effective interest rate in both scenarios and use it to calculate the investment's value after 7 years.
#Given n=7yrs, P=$10,000 and i=6.6% compounded monthly:
#Given n=7rs, P=10000, i=6.7%
Hence, the investment has the largest value($15,921.75) when the interest rate is compounded quarterly.
Answer:
$0.75
Step-by-step explanation:
Given
Normal price - $3.70
If Hamburger is on sale for 20% off the normal price
The amount that can be saved will be 20% of $3.70
Amount that can be saved = 20/100 * 3.70
Amount that can be saved = 1/5 * 3.70
Amount that can be saved = 3.7/5
Amount that can be saved = 0.75
Hence the Amount that can be saved on $3.70 is $0.75
C, planes are more likely to take off on time. .72 as a percent is 72%. Hence, a relatively high probability that the planes will take of on time.
Answer:
C 152
Step-by-step explanation:
Beacuse it is. Hope that helps
