You have $350,000 to invest. Which investment would yield the greater return in three years; an investment that pays 2.5% compounded monthly or an investment that pays 2.45% compounded daily?

Its better to invest at 2.45% interest rate compounded daily.Step-by-step explanation:

We are given

Principal Amount = $350,000

Time t = 3 years

We need to determine which investment will yield greater return

a) 2.5% compounded monthly

b) 2.45% compounded daily

The formula used will be:

a) 2.5% compounded monthly

We have P=$350,000 t= 3 years,  r = 2.5 or 0.025 and n= 12

Putting values and finding A

So, the return of investment in 3 years would be $377650 if interest rate is 2.5% compounded monthly.

a) 2.45% compounded daily

We have P=$350,000 t= 3 years,  r = 2.5 or 0.025 and n= 365

Putting values and finding A

So, the return of investment in 3 years would be $728735 if interest rate is 2.45% compounded daily.

So, if we invest 2.45% interest rate that is compounded daily we will make $728735 while if we invest 2.5% interest rate that is compounded monthly we will make $377650

So, its better to invest at 2.45% interest rate compounded daily.

the correct option is 2.

step-by-step explanation:

according to the given information triangle abc is a right angle triangle with right angle at a. segment ab is 5 and segment ac is 7. point d is on segment bc and angles adb and adc are right angles.

it is given that triangles abd, cad, and cba are similar.

two triangles are similar if their corresponding sides are proportional.

in triangle cba, using pythagoras theorem

                      )

triangle abd and cba are similar,

                            (2)

triangle cad and cba are similar,

                      )

using (1), (2) and (3), we get

hence proved.

therefore option 2 is correct.

about 0.75 hours

step-by-step explanation: