Odette has two investments that she purchased at the same time. Investment 1 cost $10,000 and earns 4% interest each year. Investment 2 cost $8000 and earns 6% interest each year. Instead of calculating 4% interest for one year, suppose the interest for Investment 1 was calculated every day at a rate of (4/365)%. This is called daily compounding. Would Odette earn more, the same, or less using this daily method for one year? Provide an example to show your thinking.

$10408.08>$10400

She will earn more using the daily compounding method.

Step-by-step explanation:

Investment 1 cost $10,000 and earns 4% interest each year.

If interest was paid once a year

Amount = P(1+r)ⁿ

= 10000(1+0.04)

=10000(1.04)

=$10400

If the interest was compounded daily

Amount = P(1+r/n)ⁿᵗ

=10000(1+0.04/365)³⁶⁵

=$10408.08

Since $10408.08>$10400, it means Odette will earn more using the daily method for one year.

i'm not sure what you mean but in todays world there is a lot of women that are the bread winners in the family. there is a lot more single mothers now that are going back to get an education which is boosting the economy. i believe there has been a boost in the economy due to women the cosmetic industry is boosting, chemist, the sky is becoming the limit for women in todays economy. most women are also putting off having kids just to make sure they have a education. i don't know how these two relate though to scriptures because it's not the way the lord wanted it. the man is suppose to be the bread winner and due to social media and the easy access we have there is a lot of cheating going on.

step-by-step explanation:

the answer is 510

step-by-step explanation:

15 • 13 = 195

15 • 12 = 180

15 • 5 = 75

12 • 5 = 60

195 + 180 = 375

375 + 75 = 450

450 + 60 = 510