Use the compound interest formulas A = P
nt and 
to solve.Suppose that you have $3,000 to invest. Which investment yields the greater return over 5 years: 7.5% compounded continuously or 7.6% compounded semiannually?
A. $3,000 invested at 7.5% compounded continuously over 5 years yields the greater return.
B. Both investment plans yield the same return.
C. $3,000 invested at 7.6% compounded semiannually over 5 years yields the greater return.
Answer: A
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Find the number of ways to get the following card combinations from a 52-card deck.Two red cards and three black cards
A. 1,690,000 ways B. 845,000 ways C. 1,267,500 ways D. 422,500 ways
Simplify.3
- 4
A. 3
- 4
B. 0
C. 36
D. 12
- 4
Solve the problem.Suppose you contribute 
per quarter into a fund that earns 
annual interest. What is the value of your investment after 14 years?
A. $21,803.90 B. $12,113.28 C. $9690.62 D. $15,747.26
Solve the equation by factoring.x2 + 10x = -16
A. -16, -1 B. -8, 2 C. -8, -2 D. 2, 8