Your money grows faster because the interest is added back into the principle and then the next time it compounds you get interest on the new principle amount. So for example, you deposit $100 in an account that gets 5% interest compounded semiannually. The first time it compounds you get $5 added to your account so your new balance is $105. The next time it compounds you get 5% on $105 so you get $5.25 added and so on. If this is only happening semi-annually that would be all you get for the year. But if it happens quarterly you would get would get deposits of $5.51 and $5.79 as well. If it compounds monthly or even daily your money would grow more and more. Hope this helps.
The value of p is 11. To find this, you must isolate the variable, p, so you divide 10 by both sides of the equation to get p=11.
Answer:
$33
Step-by-step explanation:
multiply 44 by 25 then divide by 100 to get $11 that's the amount that's being discounted so u subtract 44-11 ti get final answer
The common difference of the sequence is -3 and the fifth term is 5
<h3>How to determine the common difference?</h3>
The sequence is given as:
17, 14, 11, 8....
The common difference is
d = T2 - T1
So, we have
d = 14 - 17
Evaluate
d = -3
Hence, the common difference of the sequence is -3
<h3>How to determine the
fifth term?</h3>
The fifth term is calculated as:
T5 = a + 4d
Where
a = T1 = 17
d = -3
So, we have:
T5 = 17 - 4 * 3
Evaluate
T5 = 5
Hence, the fifth term is 5
<h3>How to determine the
nth term?</h3>
The nth term is calculated as:
Tn = a + (n - 1)d
Hence, the nth term is Tn = a + (n - 1)d
Read more about arithmetic sequence at:
brainly.com/question/6561461
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2508(1+0.04)^24 = 6,428. trust me, found it to 6,019.20.
b.
