Table of contents
- 0. Review of Algebra(0)
- 1. Equations & Inequalities(0)
- 2. Graphs of Equations(0)
- 3. Functions(0)
- 4. Polynomial Functions(0)
- 5. Rational Functions(0)
- 6. Exponential & Logarithmic Functions(0)
- 7. Systems of Equations & Matrices(0)
- 8. Conic Sections(0)
- 9. Sequences, Series, & Induction(0)
- 10. Combinatorics & Probability(0)
6. Exponential & Logarithmic Functions
Introduction to Exponential Functions
6. Exponential & Logarithmic Functions
Introduction to Exponential Functions: Study with Video Lessons, Practice Problems & Examples
Back to all problems
11PRACTICE PROBLEM
Dianne wants to invest her $3000 on a bank. Bank A offers 1.2% compounded monthly and Bank B offers 1.65% compounded semiannually. Which bank will give her a greater amount after 7 years? Use compound interest formulas.
Dianne wants to invest her $3000 on a bank. Bank A offers 1.2% compounded monthly and Bank B offers 1.65% compounded semiannually. Which bank will give her a greater amount after 7 years? Use compound interest formulas.