The answer is 8.5% interest compounded daily.
EXPLANATION
Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.
A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.
1, Might not be precise
2, Can be hard to plot the graphs
3, If there are many solutions that will be really hard to plot sometimes.
This is just from the top of my head.
Answer:
8.38
Step-by-step explanation:
The underlined number is in the hundredths place, so that means that we're going to round there. That means that you look at the number to its right and if it's lower than 5, it stays the same. However, if it's 5 or higher, you round it up. For example, if the number was 8.386, we would round it to 8.39.
<span>The function can be described as
b(p)= player receives 10 bonus points
</span>b(p)= p+10<span>
s(p)= increases 5% of the player’s current points
</span>s(p)= <span>p*(100%+5%)= p*1.05
then </span><span> (s ∘ b)(p) would be
</span><span>s(p)= p*1.05
(s ∘ b)(p)= (p+10)*1.05
</span>(s ∘ b)(p)= 1.05p+10.5
Is there a fraction or a number line to explain you question?☺
