Answer:
First account (simple interest)
Step-by-step explanation:
The amount of interest earned by the first account is ...
I = Prt = $2000·0.04·7 = $2000·0.28 = $560
The amount in the second account at the end of 7 year is ...
FV = P·(1+r)^t = $2000·1.02^7 = $2297.37
so you have earned $297.37 in interest on the second account.
$560 is more than $297, so the First Account (simple interest) earns more money.
The answer would be 4(x^6+x-3)
Answer:
15
Step-by-step explanation:
The equation is just a plug in and solve. you have your given variables and all you have to do it plug them into the matching spot and solve
R=8 P=7
8+7=15
Answer:
10.67% increase
Step-by-step explanation:
We can find percent increase with (difference/original) x 100
7.47 - 6.75
= 0.72 (difference)
(0.72/6.75) x 100
= 10.67% increase
