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JulsSmile [24]
3 years ago
6

Sunshine bank offers 6% simple interest on deposits. Tangerine bank offers 5% interest compound annually. State the difference i

n final balances if $2000 is deposited in each bank for 2 years.
A) $202.80

B) $35

C) $25

D) $5
Mathematics
2 answers:
stepladder [879]3 years ago
6 0
2000+2(.06*2000)-2000(1.05^2)=$35.00

So the simple interest at 6% yields $35 more than the compound 5% interest.
Arada [10]3 years ago
5 0
B) $35 Hope it helps :)
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an agent sold a land with 3% commission and he gave Rs9215000 to the owner find the amount of commission​
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Read 2 more answers
Factor the expression.
tiny-mole [99]
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3 0
3 years ago
Find inverse of f(x) = 2 + 3x / x - 2
NeX [460]
Okay so, we switch out f(x) with y - I’m sure you know this and we get y=2+3x/x-2.

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7 0
3 years ago
A discounted concert ticket costs $14.50 less than the original price p. You pay $53 for a discounted ticket. Write an equation
Bingel [31]

Answer:

p - 14.5 = 53

Step-by-step explanation:

The original price is p.

The discounted price is $14.50 less than p, or $14.50 subtracted from p. The discounted price is p - 14.5.

The discounted price is $53

Equation:

p - 14.5 = 53

5 0
2 years ago
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