zackcarlson9374
15.11.2020 •
Mathematics
Please sol
ve this real quick
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Ответ:
for question two: 12
for question four: 1/3
for question six: 25.75 (rounded to two decimal places)
Ответ:
Step-by-step explanation:
If we calculate the Amount with both type of interest, we have:
Annual interest compounded monthly:
This means that with this interest, after 10 years he will get $6,291.61.
Continuous compound interest:
Meaning that Gregory will get 6,293.
As you can see, it's not a big difference, only $2 more, but it's still better.
(Image attached are formulas with the variables meanings)