<em>solution</em><em> </em><em>:</em><em>-</em><em>-</em>
Answer:
the rate compounded semi-annually is compounded twice in a year. thus, this rate is higher than the rate compounded annually which is compounded once in a year
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r/m)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
For example, there are two banks
Bank A offers 10% rate with semi-annual compounding
Bank B offers 10% rate with annual compounding.
If you deposit $100, the amount you would have after 2 years in each bank is
A = 100x (1 + 0.1/2)^4 = 121.55
B = 100 x (1 + 0.1)^2 = 121
The interest in bank a is 0.55 higher than that in bank B
Answer:
Side MQ is similar to side MR.
- This is because since M is the mid point of QR, both MQ and MR are half of QR.
Angle MXQ and MYR are 90°
Sides QX and RY are similar.
- This is because angle X and Y are 90° and MQ and MR are equal.
∴ MQX is congruent to MRY.
-10369
too lazy but that's the exact value