Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Answer:
The price of the admission is 15.
Step-by-step explanation:
From the information given, you can write the following equations:
a+3e=45 (1)
a+5e=65 (2), where:
a is the admission cost
e is the exhibition cost
First, you can solve for a in (1):
a=45-3e (3)
Second, you can replace (3) in (2):
45-3e+5e=65
45+2e=65
2e=65-45
2e=20
e=20/2
e=10
Finally, you can replace the value of e in (3):
a=45-3e
a=45-3(10)
a=45-30
a=15
According to this, the price of the admission is 15.
Answer:
6, 10, 8
Step-by-step explanation:
aₙ= aₙ₋₁ - (aₙ₋₂ - 4)= aₙ₋₁ - aₙ₋₂ + 4
a₅= -2
a₆= 0
-----------
aₙ₋₂= aₙ₋₁ - aₙ + 4
- a₄= a₅- a₆ + 4 = -2 - 0 + 4 = 2
- a₃= a₄ - a₅ + 4 = 2 - (-2) + 4 = 8
- a₂= a₃ - a₄ + 4 = 8 - 2 + 4 = 10
- a₁= a₂ - a₃ + 4 = 10 - 8 + 4 = 6
The first 3 terms: 6, 10 and 8
Answer:
6
Step-by-step explanation:
I pretty sure that its 6 if nt sorry
This is how to solve this
