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:
$0.41
Step-by-step explanation:
1 ice cream cone: $2.75
2 ice cream cones: 2 * $2.75 = $5.50
7.5% of $5.50 =
= 0.075 * $5.50
= $0.4125
Answer: $0.41
To find the length of a square given the area, we just need to take the square root of the area given. The sqrt of 36 is 6, so each side is 6 inches. :)
An ISOSCELES triangle has two sides equal, and two base angles are also equal.
The two sides on the left and the right are equal. The right side measures 11 inches, therefore the left side also measures 11 inches.
The correct answer option is 11 inches