Jill invested $500 in an account with a compound interest rate of 6%. cheryl invests $600 in an account with a compound interest
1 answer:
The time taken by Jill and Cheryl to double their money is 12 years and 18 years respectively.
<h3>What is Algebra?</h3>Algebra is the study of mathematical symbols and the rule involves manipulating these mathematical symbols.
Jill invested $500 in an account with a compound interest rate of 6%.
Cheryl invests $600 in an account with a compound interest rate of 4%.
The number of years each doubles their money. Using the relation of 72.
where r is the interest rate and t be the time
The time for the Jill will be
The time for the Cheryl will be
More about the Algebra link is given below.
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Answer:
Step-by-step explanation:
When we want to find the distance between two integers using the difference, the best way is to plot them on number line. And then count distance between them.
For example -3 and -1.
When we want to find difference we have:
-3-(-1)=-2
But distance can not be negative.
Now, we need to count distance between numbers -3 and -1 on the number line.
So we have from -3 to -2, one place and from -2 to -1 one place it is 2 places.
So distance is 2.
