Answer:
Bill will earn more interest
He will earn $ 20,448.67 from his investment
Step-by-step explanation:
Firstly let us calculate Jim's earnings based on simple interest
A = P(1 + rt)
Calculation:
First, converting R percent to r
a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
Solving our equation:
A = 15000(1 + (0.035 × 25)) = 28125
A = $28,125.00
The total amount accrued, principal plus interest, from simple interest on a principal of $15,000.00 at a rate of 3.5% per year for 25 years is $28,125.00 for Jim
Now let's us calculate bill's investment based on compound interest
Equation
A = P(1 + r)^t
A=15000(1+0.035)^25
A=15000(1.035)^25
A=15000*2.36324498427
A = $ 35,448.67
We see that Bill will earn
$ 20,448.67 from his investment
Step-by-step explanation:
15 dollar for each
15*70*12
then 84*70
total amount. the above
Rearrange to: x^2 + 18x - 25 = 0
Then factorise (I like to do it by completing the square):
(x + 9)^2 -81 -25 = 0
(x + 9)^2 = 106
x + 9 = sqrt(106)
The sol'ns are:
x = -9 + and - sqrt(106)
Step-by-step explanation:
The answer is the 2nd one, the denominator is greater than the numerator because if you add 2 AND x its gonna ge a bigger number than just x alone
