subject
Mathematics, 19.02.2020 05:41 romeroalexis817

Odette has two investments that she purchased at the same time. Investment 1 cost $10,000 and earns 4% interest each year. Investment 2 cost $8000 and earns 6% interest each year. Instead of calculating 4% interest for one year, suppose the interest for Investment 1 was calculated every day at a rate of (4/365)%. This is called daily compounding. Would Odette earn more, the same, or less using this daily method for one year? Provide an example to show your thinking.

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 18:00
The constant of proportionality is always the where k is the constant of proportionality. additionally, you can find the constant of proportionality by finding the ratio for any point onasap
Answers: 1
question
Mathematics, 21.06.2019 21:00
The area of a rectangle is 10 cm^2. one side of the rectangle is x cm. express the perimeter of the rectangle in terms of x and show that this rectangle cannot have a perimeter of 12 cm. the perimeter of the rectangle in terms of x is __ cm
Answers: 1
question
Mathematics, 21.06.2019 21:30
Jake bakes and sell apple pies. he sells each pie for $5.75 . the materials to make the pies cost $40. the boxes jake puts the pies in cost & 12.50 total. how many pies does jake need to sell to earn a profit of $50
Answers: 3
question
Mathematics, 21.06.2019 22:30
Abag contains 10 white golf balls and 6 striped golf balls. a golfer wants to add 112 golf balls to the bag. he wants the ratio of white to striped gold balls to remain the same. how many of each should he add?
Answers: 2
You know the right answer?
Odette has two investments that she purchased at the same time. Investment 1 cost $10,000 and earns...
Questions
question
Mathematics, 05.05.2020 16:59
question
Biology, 05.05.2020 16:59
question
English, 05.05.2020 16:59
question
Biology, 05.05.2020 16:59
question
Chemistry, 05.05.2020 16:59
question
Mathematics, 05.05.2020 16:59
Questions on the website: 13722367