The approximate difference between Calvin and Makayla's number of years of money invested is 2 years.
<h3>What is compound interest?</h3>
Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.
The formula for the final amount with the compound interest formula can be given as,
Here, 
is the final amount (principal plus interest amount) on the principal amount of 
with the rate of 
in the time period of 
.
Calvin deposits $400 in a savings account and Interest rate is 5 present compounded monthly.
As the final amount Calvin has $658.80 in c years. Thus the monthly compound interest can be given as,
Now Makayla deposits $300 in a different savings account that accrues 6% interest compounded quarterly. The final amount she gets is $613.4 in m years. Thus,
Thus, the approximate difference in the number of years that Calvin and Makayla have their money invested is 2 years.
Learn more about the compound interest here;
brainly.com/question/24274034
Answer:
in distance it goes 3,6,9,12,15
Step-by-step explanation:
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Answer:
75
Step-by-step explanation:
If 75% of the students like skating, that means 35% of the students don't like skating.
35% of the students corresponds to 35 students that do not like skating.
Then to find the number of students who like skating we use the following logical computation,
35% represents 35 people then how much does 75% represent
⇒
=
Therefore,
The number of students who like skating was 75.
Answer:4,461,600
Step-by-step explanation:
Answer:
The average rate will be -11000 dollars per year.
Step-by-step explanation:
The price of a house in 2005 = $250,000
The price of a house in 2010 = $195,000
at x₁ = 2005, f(x₁) = 250,000
at x₂ = 2010, f(x₂) = 195,000
Using the formula to determine the average rate of change for the
house each year.
Average rate = [f(x₂) - f(x₁)] / [ x₂ - x₁]
= [195,000 - 250,000
] / [2010-2005]
= -55000 / 5
= -11000
Therefore, the average rate will be -11000 dollars per year.
