1 is the answer.
The exact answer is 1.03, but we have to round it to the nearest tenth which is 0 because 3 is less than 5.
Answer:
The correct answer 8486.
Step-by-step explanation:
Given:
Troy - P pr principle amount = 10000
rate = 9%
time = 60-22 = 38
intrest at every three months so time = t = 38*4 = 132
Nicohlas
P = x
rate = 10%
time = 60 -45 = 15
every month compounded = 15*12=180
solution:
the formula of compound intrest = P (1 + r/n)^(nt)
where n = number of counded intrests per year
puting formula for troy=
10000 (1+9/4)^132
= 294,322.96 .....1
now for nicolas
I = x(1+10/12)^180
x = 294,322.96/(1+10/12)^180
= 8486.
Answer:
Step-by-step explanation:
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