Mathematics, 02.10.2020 15:01 azireyathurmond1

A bank representative studies compound interest, so she can better serve customers. She analyses what happens when $2,000 earns interest several different ways at a rate of 2% for 3 years. a. Find the interest if it is computed using simple interest
b. Find the interest if it is compounded annually.
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.
j. What is the difference in total interest if computed using simple interest or if compounded continuously?

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 20:30, oliwia0765

Solve each quadratic equation by factoring and using the zero product property. x^2 + 18x = 9x

Answers: 2

continue

Mathematics, 21.06.2019 21:50, bcox32314

Desmond wants to sell his car that he paid $8,000 for 2 years ago. the car depreciated, or decreased in value, at a constant rate each month over a 2-year period. if x represents the monthly depreciation amount, which expression shows how much desmond can sell his car for today? \ 8,000 + 24x 8,000 - 24x 8,000 + 2x 8,000 - 2x

Answers: 3

continue

Mathematics, 22.06.2019 00:00, jhenifelix

Cd is the perpendicular bisector of both xy and st, and cy=20. find xy.

Answers: 1

continue

Mathematics, 22.06.2019 01:00, tansebas1107

The table shown below gives the approximate enrollment at the university of michigan every fifty years. how many more students were enrolled at the university of michigan in 1950 than in 1900?

Answers: 3

continue

You know the right answer?

A bank representative studies compound interest, so she can better serve customers. She analyses wha...