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Solnce55 [7]
3 years ago
15

How do you know 72/80 is greater than 7/8? Explain

Mathematics
1 answer:
dangina [55]3 years ago
3 0

Answer:

Step-by-step explanation: I know that 72/80 is greater than 7/8 because when we make 7/8 as the same denominator as of 72/80 it is only 70/80 which is smaller than 72/80.

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Here is the formula you'll need
Total = Principal * (1 + (rate/n))^n*years
I don't know how to solve that for "n" so we'll use trial and error.

If compounded annually, total = <span> <span> <span> 10,841.24 </span> </span> </span>
If compounded quarterly, total = <span> <span> <span> 10,955.64 </span>
</span></span><span>If compounded monthly, total = </span> <span> <span> <span> 10,981.82 </span> </span> </span>
If compounded daily, total = <span> <span> <span> 10,994.58 </span> </span> </span>
Therefore the answer is "A", daily.

Source:
http://www.1728.org/compint3.htm


<span> </span><span><span> </span> </span>

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