Solving for the amount of maturity given that it is compounded monthly for 1 year with an interest of 3%, we have the formula and solution below:
A = P (1+r/n)^rn
A = $5,000 (1.040417)
A =$5202.085
For compounded daily, we have the solution below:
A = $5,000 (1.040443)
A = $5202.215
The difference in amount is shown below:
Difference = $5202.215 - $5202.085
Difference = $0.13
Answer:
the answer is 250 million years
Step-by-step explanation:
Answer:
m<1=61
m<2=40
m<3=60
m<4=80
m<5=100
Step-by-step explanation:
180/3=60
180/9=20
20x2=40
20x4=80
20x3=60
59+60=119
180-119=61
180-80=100