The answer is 8.5% interest compounded daily.
EXPLANATION
Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.
A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.
Answer:
there you go all the answers
Exponential growth would include, A = 20,000(1.08)^t, A=40(30), P=1700(1.07).
Decay would include, A=80(1/2)^t, A= 1600(.8), P=1700(.93)
Hope this helps.
Answer:
42 books
Step-by-step explanation:
The ratio percent for nonfiction is 0.78%
You multiply the amount of book by the percent that is nonfiction which give you the answer of 42.
54(0.78) = 42