document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1140161>Question 1140161</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Abram invests $15500 compound yearly; Rhoda N$17000 compound quarterly and Rauna a single amount of N$18500 (interest compounded semi-annually).\r<BR>\n" );
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document.write( "a) How much will each of them have after 10 years if the interest rate is 15% p.a.?<BR>\n" );
document.write( "b) Determine the interest amount for each of them.<BR>\n" );
document.write( "c) Which investment is the best? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #760773 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=760773\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 15500(1+.15)^10=62706.14 interest is 47706.14<BR>\n" );
document.write( "17000(1+.15/4)^40=74126.44 interest is 57126.44<BR>\n" );
document.write( "18500(1+.15/2)^20=78585.25 interest is 60585.25<BR>\n" );
document.write( "multiple compounding produces more interest for the same amount of principal.\r<BR>\n" );
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document.write( "The second is the best.  The third has more interest because the initial principal was greater. </SPAN>\n" );
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