1. Simplify the expression using the same base.
5**sqrt(3) 5**sqrt(27)
The answer I got was 5**4sqrt(3) Is that right?
2. $10,000 is invested in each of two accounts, both paying 6% annual interest. The first account, interest compounds quarterly, and the second account, interest compounds daily. Find the difference between the accounts after 21 years.
I got the first part but for the second part when setting up the formula, A=P(1+r/k)^kt, what number would you want to use as k for when it says the interest compounds daily?
So far, I know it'd be set up as A=10,000(1+.06/k)^k(21). What would k be?
5**sqrt(3) 5**sqrt(27)
The answer I got was 5**4sqrt(3) Is that right?
2. $10,000 is invested in each of two accounts, both paying 6% annual interest. The first account, interest compounds quarterly, and the second account, interest compounds daily. Find the difference between the accounts after 21 years.
I got the first part but for the second part when setting up the formula, A=P(1+r/k)^kt, what number would you want to use as k for when it says the interest compounds daily?
So far, I know it'd be set up as A=10,000(1+.06/k)^k(21). What would k be?
