Use the compound interest formulas a = pert and a = p1+rnnt to solve. suppose that you have $11,000 to invest. which investment yields the greater return over 10 years: 6.25% compounded continuously or 6.3% compounded semiannually? show your work.

We are given

amount $11,000 to invest

so,

P=11000

For Compounded continuously:

P=11000

r=0.0625

t=10

now, we can use formula

now, we can plug values

and we get

we get

Amount is $ 20550.70553

For Compounded semi-annually:

P=11000

r=0.063

t=10

n=2

now, we can use formula

now, we can plug values

and we get

now, we can simplify it

so, Amount is $20453.95666

so, amount for compounded continuously is greater...........Answer