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liraira [26]
3 years ago
5

With compound interest, what happens when you start compounding more and more frequently?

Mathematics
1 answer:
tiny-mole [99]3 years ago
5 0

Answer:

The further compounding cycles in a given year, the greater the effect on the valuation of potential investment. Therefore, the more interest-posting dates, irrespective of the interest rate, the more compounding raises the account balance.

Step-by-step explanation:

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Answer:

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7 0
3 years ago
Suppose you invested $10,000 part at 6% annual interest and the rest at 9% annual interest. If you received $684 in interest aft
victus00 [196]
Assuming simple interest (i.e. no compounding within first year), then
At 6%, interest = 10000*0.06=$600
At 9% interest = 10000*0.09 = $900

Two ways to find the ratio
method A. let x=proportion at 6%
then
600x+900(1-x)=684
Expand and solve
300x=900-684=216
x=216/300=0.72 or 72%
So 10000*0.72=7200 were invested at 6%
10000-7200=2800 were invested at 9%

method B: by proportions
Ratio of investments at 6% and 9%
= 900-684 : 684-600
=216 : 84
= 18 : 7
Amount invested at 6% = 18/(18+7) * 10000 = 0.72*10000 = 7200
Amount invested at 8% = 7/(18+7)*10000=0.28*10000=2800
5 0
3 years ago
I need help on both of them pls help me...
pav-90 [236]
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5 0
3 years ago
Read 2 more answers
Consider a diving board that is 10 feet above a pool. If the ladder is 5 feet away from the base of the diving board, approximat
OleMash [197]

Answer: 15 feet

Step-by-step explanation:

From the question, we are informed that a diving board is 10 feet above a pool. Since the ladder is 5 feet away from the base of the diving board, to calculate how tall is the ladder is, we subtract -5 from 10. This will be:

= 10 - (-5)

= 10 + 5

= 15 feet

The answer is option C.

5 0
3 years ago
The area of a triangle is 30 square centimeters and its base is 10 cm. What is the height in cm of the triangle
Vesnalui [34]

Answer:

The height of the triangle is 6 cm.

Step-by-step explanation:

----------------------------------------

The formula for solving the area of a triangle is  A=\frac{1}{2}bh where b stands for base and h stands for height.

Let's substitute 30 cm^2 for the area and 10 for the base.

30=\frac{1}{2} (10)h

-------------------->>>>

Now, let's solve to find the height.

30=\frac{1}{2}(10)h

Multiply \frac{1}{2} times 10

30=5h

Divide both sides by 5.

6=h

-----------------------------------------

Hope this is helpful.

4 0
3 years ago
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