Suppose $500 is invested at 6% annual interest compounded twice a year. When will the investment be worth $1000.
1 answer:
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Answer:
Step-by-step explanation:
We need to find which statements are true.
Solution to find the same we will solve each statement and will conclude the same.
1.
Now On solving we get;
So we can see that 0.70 > 0.66
Hence The given statement is False.
2.
Now On solving we get;
So we can see that 0.5625 > 0.5
Hence The given statement is True.
3.
Now On solving we get;
So we can see that 1.33 > 1.2
Hence The given statement is False.
4.
Now On solving we get;
So we can see that 0.82 > 0.66
Hence The given statement is False.