Answer:
b
Step-by-step explanation:
Answer:
ok ill try
Step-by-step explanation:
43.94 / 5.2 = 845 is impossible because it would mean that 845 * 5.2 is equal to 43.94 which would be a non sense.
Even if you multiply 84.5 * 5.2 you will still get a bigger result than 43.94 obviously.
The only way this division would make sense, it is if the result is 8.45 so the decimal point should be before the 4 and not after it so June is not correct.
GOod luck :)
Answer:
338262.1243
Step-by-step explanation:
Answer:
The correct answer is B. The rate of 7% compounded quarterly is better.
Step-by-step explanation:
In the case of investment at 7% compounded quarterly, the final result after 4 years of investment arises from the following calculation:
X = 7000 x (1 + 0.7 / 3) 4x3
X = 9,232.16
Therefore, after 4 years of investment, the amount in the account would be $ 9,232.16.
In turn, in the case of the investment at 6.85% compounded monthly, the final result after the same investment period arises from the following calculation:
X = 7000 x (1 + 0.685 / 12) 4x12
X = 9,199.33
Thus, in this case, the amount in the account after 4 years of investment would be $ 9,199.33.
