Which two rates would yield larger amount in one year, Mathematics

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Which two rates would yield larger amount in one year

a) $100 invested at 12% compounded continuously after the period of 3years. Which two rates would yield larger amount in 1 year in problem
9% compounded quarterly or 9% compounded annually.

b) Determine effective rate of interest.

(i) how long it takes for investment to tripple in value if it is invested 6% compounded monthly?
(ii) how long it takes if interest is compounded continuously.

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Mathematics: Which two rates would yield larger amount in one year

Reference No:- TGS0859626

Have a Question? (oR Write a Review)

Recent Questions Asked Mathematics

Q : Confident about our estimate

Q : Graph function utilizing transformations of basic function

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Request for Solution File

Ask an Expert for Answer!!

Mathematics: Which two rates would yield larger amount in one year

Reference No:- TGS0859626

Recent Questions Asked Mathematics

Q : Confident about our estimate

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