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 answer is B
Step-by-step explanation:
Answer:
Step-by-step explanation:
In y = mx + b form, the slope can be found in the m position and the y intercept can be found in the b position.
4x - 2y = -6
-2y = -4x- 6
y = (-4/-2)x -(6/-2)
y = 2x + 3....slope here is 2, and y int is 3
3x + y = 3
y = -3x + 3.....slope here is -3, and y int is 3
B. slopes are different, y intercepts are the same
Answer:
7.745
Step-by-step explanation:
Square root of 60 equals X.
Answer:
a) Micheal's present age = 8 years old
b) The sum of their ages in 6 years time = 63 years.
Step-by-step explanation:
From the above question, we know that
Rui feng is 3 years old
We are told that
• Michael is 5 years old than Rui feng
Micheal's present age is calculated as:
= 5 + Rui feng's age
= 5 + 3 = 8 years
• Vishal is thrice as old as Micheal
Vishal's present age is calculated as
= 3(Micheal age)
= 3(8)
= 24 years.
The sum of their ages in six years time
= ( 3 + 6) +( 8 + 6) + ( 24 + 6)
= 18 + 15 + 30
= 63 years
Therefore, a) Micheal's present age = 8 years old
b) The sum of their ages in 6 years time = 63 years.
