Mr. Larson is debating between investing $10,000 into an account that pays 4% interest compounded daily or 4.9% compounded weekl
1 answer:
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Answer:
4.9% weekly
Step-by-step explanation:
The compound interest formula is ...
A = P(1 +r/n)^(nt)
where A is the account balance that results from investing P at rate r compounded n times per year for t years.
Filling in the values for the two scenarios, we find ...
A = 10,000(1 +0.04/365)^(365·3) ≈ 11,274.89
A = 10,000(1 +0.049/52)^(52·3) = 11,582.74
The higher interest rate will earn Mr. Larson the most money in three years. (4.9% weekly)
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Answer:
The answer is "Option C"
Step-by-step explanation:
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To attend university, Chole should pay the cost of a room and board each semester. Even though the Chole will not be in college, she will still have a room as well as a board and continue living.
- If she will not attend college, it also has to equate rooms and board costs per six months since increase towards the room or board charges.
- If there's an increase in rooms and boarding costs because she did not understand below the rise in their school fees, therefore the financial cost reduces that desire of she attend.
Answer:
Step-by-step explanation:
First, we find the greatest common factor 50, 10 and 2.
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Then, we find the greatest common factor of and
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<u>ANSWER</u>
<u>EXPLANATION</u>
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