Answer:
Amount she would have in 2 years at a simple interest of is
$5000 + ($5000 x 0.048 x 2) = $5480
Amount she would have in 2 years at a 4.1 % / year compounded semi- annually is :
$5000 x ( 1 +0.041/2)^4 = $5422.78
the first option yields a higher value in two years when compared with the second option. Thus, the first option is the best one to choose
Step-by-step explanation:
Future value with simple interest = principal + interest
Interest = principal x interest rate x time
0.048 x 5000 x 2 = 480
future value = $480 + 5000 = $5480
The formula for calculating future value with compounding:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
5000 x ( 1 + 0.041 / 2)^(2 x 2) = $5422.78
Answer:
5
Step-by-step explanation:
this means it'll be $55
Answer:
The answer is 1/3x-1
Step-by-step explanation:
Let's simplify step-by-step.
5/6x−7−(1/2x−6)
Distribute the Negative Sign:
=5/6x−7+−1(1/2x−6)
=5/6x+−7+−1(1/2x)+(−1)(−6)
=5/6x+−7+−1/2x+6
Combine Like Terms:
=5/6x+−7+−1/2x+6
=(5/6x+−1/2x)+(−7+6)
=1/3x+−1
Answer:
=1/3x−1
This could be wrong because I'm going into the fifth grade but wouldn't it just be (7,-3)?
