Mathematics

Mathematics, 28.10.2019 22:31, dan7478

Consider the case of a bank offering r (given as a decimal) interest per year compounded monthly, if you deposit $p.
a. what is the interest rate per month?
b. write a formula for the amount a you have after nn months.
c. write a formula for the number of months it takes to have a dollars.
d. what is the doubling-time of an investment earning 7% interest per year, compounded monthly? round up to
the next month.

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Mathematics, 22.10.2019 01:00, gurlnerd

2. a bank representative studies compound interest, so she can better serve customers. she analyzes what happens when $2,000 earns interest several different ways at a rate of 2% for 3 years. round to the nearest cent. a. find the interest if it is computed using simple interest. 12.00 b. find the interest if it is compounded annually. * 12.20 c. find the interest if it is compounded semi-annually d. find the interest if it is compounded quarterly. e. find the interest if it is compounded monthly. f. find the interest if it is compounded daily. g. find the interest if it is compounded hourly. h. find the interest if it is compounded every minute, i. find the interest if it is compounded continuously.

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Mathematics, 14.11.2019 05:31, goodygoodgirlygirl

2. a bank representative studies compound interest, so she can better serve customers. she analyzes what happens when $2,000 earns interest several different ways at a rate of 2% for 3 years. round to the nearest cent. a. find the interest if it is computed using simple interest. 12.00 b. find the interest if it is compounded annually. * 12.20 c. find the interest if it is compounded semi-annually d. find the interest if it is compounded quarterly. e. find the interest if it is compounded monthly. f. find the interest if it is compounded daily. g. find the interest if it is compounded hourly. h. find the interest if it is compounded every minute, i. find the interest if it is compounded continuously.

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Mathematics, 15.11.2019 18:31, aquinomoises518

Javier wasn't a to transfer 1000 from his interest credit car account for the period of 12 months and needs to choose between two offers. bank a is offering 8% interest rate compounded monthly with a 2% initial transfer fee. bank b is offering a 6% interest rate compounded monthly with a 6% in its fee in being added to the principal. which bank provided javier with a better offer and how much money will he save by choosing it over the other offer?

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