Question

Asked Apr 23, 2019

66 views

**Solve the problem.**

A bank gives you two options to choose from for your investments:

**Option A:** 6% annual interest rate compounded yearly; and

**Option B:** 5.9% annual interest rate compounded quarterly.

Which of the two options is the better investment at the end of the 2 years.

Step 1

Formula of amount when compound interest is considered is

Step 2

Lets check amount after two years for both option when $100 invested.

a) When compounded annually

Rate of interest = 6%

Principal = $100

Number of times interest calculated = Once in a year, so twice in 2 years that is n = 2

Step 3

b) When compounded quarterly

Rate of interest = 5.9% annually

= (5.9/4)% quarterly

&...

Tagged in

Q: e2h-1 if f'(a) lim-0 what is f(r) and what is a? h

A: Click to see the answer

Q: Which is the result?

A: We are given a function as

Q: Suppose that a particle has been shot into the air in such a way that the rate at which its height i...

A: v = 320 - 32tIf h represents the height of the particle at any time t, then:v = dh / dt = 320 - 2t

Q: Suppose that the revenue function for a certain product is given by R(x)= 15(2x+1)^-1 + 30x-15 wher...

A: We have to find (a) The marginal revenue when 2000 units are sold.(b) How is revenue changing when 2...

Q: Find d^2y/dx^2 as a function of t, for the given parameteric equations written below show all work ...

A: From the parametric equation, the derivative dy/dx can be calculated as follows.

Q: 3 dx = 1 2x 8 In 국 5 -4 In 2 In을 -2 In -8 In LOn LOn

A: Obtain the value of the integral as follows.The given integral is,

Q: If given the differential equation y''-4y'+4y=et, is there a way to solve it for possible solutions?...

A: we are given a differential equation as

Q: lim x→-4 x2-16/x+4

A: The given function is f(x)= (x2-16)/(x+4)The limit of the function is to be calculated

Q: Consider an object moving along a line given the velocity v. Assume t is time measured in seconds an...

A: To find the direction we have to graph the function v(t)=2t^2-16t+24;[0,7]And then we check the inte...