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

see explanation

step-by-step explanation:

a

(6r + 7) + (13 + 7r) ( remove brackets and collect like terms )

= 6r + 7 + 13 + 7r

= 13r + 20

b

remove brackets and collect like terms

13 - r - 1 + r

= 12 - r

c

remove brackets and collect like terms

= - 8 - r + 2r - 4

= - 12 + r

d

remove brackets and collect like terms

= 7r - - - 6r

[-   - = - - = - ]

= r -