Answer:
Simple: 6000
Compound: 6050
Difference: 50
Step-by-step explanation:
Simple interest formula: A = P(1+rt), where A = final amount, P = initial amount, r = rate, and t = time. Plug our values in to get
A = 5000(1+10% * 2)
convert 10% to a decimal by dividing by 100 and plug that in
10% = 0.1
5000(1+0.1*2) = 5000(1.2) = A = 6000
Compound interest formula: A = P(1+r)^t
Plug our values in
5000(1+0.1)^2 = 6050
Difference = 6050 - 6000 = 50
Answer:
No
Step-by-step explanation:
5/6 * 5/6 = .6944
25/6 = 4.1667
Answer:
13/20 of her money was spent.
Step-by-step explanation:
To find the answer you have to add these two fractions together, and to do that you must find a common denominator.
For this problem I chose to use 20 for the denominator since it is the smallest number that both 4 and 5 have in common.
Keep in mind that, whatever you do to the denominator, you must also do to the numerator, so if you multiply 5 by 4, you must also multiply 2 by 4.
5/20 + 8/20 = 13/20
