8. How much better is the return on a 7% yearly interest rate investment that is compounded monthly as opposed to compounded yearly?
Between 2.5% and 3.0% better
Between 3.5% and 4.0% better
Between 4.0% and 4.5% better
Between 3.0% and 3.5% better

infinitely many solutions

step-by-step explanation:

we have been given the equation;

2(2x + 3) = -4 + 2(2x + 5)

we need to determine the value of x.

2(2x + 3), we expand this expression to obtain 4x + 6

similarly 2(2x + 5) will become 4x + 10

now we have;

4x + 6 = -4 + 4x + 10

4x + 6 = 4x + 10 - 4

4x + 6 = 4x + 6

the expression on the left hand side is identical to the one on the right hand side. therefore, we are looking at just a single straight line whose equation is;

y = 4x + 6

consequently, we shall have infinitely many solutions

answer: 0.64

step-by-step explanation: