Solve for b.

7.6 − 7.4 = b

Scott harris can invest $7,000 in a 1-year cd that earns interest at an annual rate of 4 percent compounded monthly. the amount per $1.00 is 1.040742. he can also invest $7,000 in a 1-year cd at annual rate of 4 percent compounded quarterly. the amount per $1.00 is 1.040604. what is the difference in the amount of interest earned for each investment? a) $0.96 b) $0.81 c) $0.87 d) $0.88

A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.

Becca wants to mix fruit juice and soda to make a punch. she can buy fruit juice for $3 a gallon and soda for $4 a gallon. if she wants to make 28 gallons of punch at a cost of $3.25 a gallon, how many gallons of fruit juice and how many gallons of soda should she buy?