Answer:
B. 1/384
Step-by-step explanation:
a1=1/3
a2 = 1/6
The constant factor is 1/2
a1=2/3*1/2
a2=2/3*1/2^2
a8=2/3*(1/2)^8
2/3*1/256
1) 6/14 divide by 2 = 3/7
2) 9/12 divide by 3 = 3/4
3) 15/25 divide by 5 = 3/5
Answer:
0.156
Step-by-step explanation:
15 3/5%=(15+ 0.6)/100=15.6/100=0.156
I would invest $500 to be compounded as Compound Interest is $1,540,250 while Simple Interest is $50.
<u>Step-by-step explanation:</u>
Step 1:
Calculate simple interest in the first case. Given details are Principal (P) = $500, Rate (R) = 5% and Time (T) = 2 years
⇒ Simple Interest (SI) = PRT/100 = 500 × 5 × 2/100 = $50
Step 2:
Calculate compounded interest for the second case. Given details are Principal (P) = $500, Interest rate (r) = 3%, Number of times it is compounded (n) = 12, time (t) = 2 years
⇒ Compound Interest (CI) = [P (1 + r/n)^n × t] - P
⇒ CI = [500 (1 + 3/12)^12 × 3] - 500
⇒ CI = [500 (1 + 1/4)^36] - 500
⇒ CI = [500 (5/4)^36] - 500
⇒ CI = [500 × 3081.5] - 500 = 1540750 - 500
⇒ CI = $1,540,250
