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The total value of 100 dollars after it is invested for m
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28 Dec 2016, 15:15
28 Dec 2016, 15:15
2
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Question Stats:
34% (01:28) correct
65% (01:07) wrong based on 101 sessions
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Quantity A |
Quantity B |
The total value of 100 dollars after it is invested for m months at 8 percent simple annual interest |
\(100(1+\frac{0.08}{m}) dollars\) |
A)The quantity in Column A is greater.
B)The quantity in Column B is greater.
C)The two quantities are equal.
D)The relationship cannot be determined from the information given.
Drill 2
Question: 14
Page: 317
Question: 14
Page: 317
Re: The total value of 100 dollars after it is invested for m
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28 Dec 2016, 15:36
28 Dec 2016, 15:36
Expert Reply
Explanation
Plug in values for m. When m = 1, Quantity B is larger. When m = 12, Quantity A is larger.
Hence option A is correct.
Plug in values for m. When m = 1, Quantity B is larger. When m = 12, Quantity A is larger.
Hence option A is correct.
Re: The total value of 100 dollars after it is invested for m
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11 Jan 2017, 10:47
11 Jan 2017, 10:47
Hi sandy, can you state equation for Quantity A? . Thanks
