Answer:
It is B. Porsha's expression should have 1 + 0.009375 in the parentheses.
Step-by-step explanation:
I got it in the test
The formula for annual compound interest is A = P (1 + r/n) ^ nt:
Where:
A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
A = P (1 + r/n) ^ nt
A= 5000(1+0.0375/4)^4*6
A= 5000(1+0.0375/4)^24
A=$6255.05 (future Value)
The bigger number is 1/3. That is, 1/3 is bigger than 0.3
To determine which is bigger between 0.3 and 1/3.
First, we will express 0.3 as a fraction
0.3 = 3/10 as a fraction
Now we are to determine which is bigger between
By LCM method,
=
respectively
Since, the corresponding numerator(10)of is greater than the corresponding numerator(9) of
,
∴ is bigger that
Hence, 1/3 is bigger than 0.3
Learn more here: brainly.com/question/19272301