Use the periodic compound interest formula to solve the problem.Suppose that you have $3000 to invest. Which investment yields the greater return over 10 years: 5.4% compounded monthly or 5.5% compounded quarterly?

A. $3000 invested at 5.4% compounded monthly over 10 years yields the greater return.
B. $3000 invested at 5.5% compounded quarterly over 10 years yields the greater return.
C. Both investment plans yield the same return.


Answer: B

Mathematics

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An artisan can produce and sell x hats per month. The total cost C (in dollars) for producing x hats is C = 420 + 16x and the total revenue R (in dollars) is R = 40x. Find the profit P in terms of x and, using that function, find the profit obtained by selling 46 hats per month. ?

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A.

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C.

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