The formula to find the amount is
here A is amount
P is the principal
'r' is the rate of interest
n is the number of years.
Case 1.
Stevan invests
P =$ 20,000
r = 3% = 0.03
n = 10 years
Hence the interest earned
= A - P = 26878.33 - 20000 = $6878.33
Case 2.
Evan invests
P = $10,000
r = 7% = 0.07
n = 7 years
Hence the interest earned
= A - P = 16057.81 - 10000 = 6057.81
Difference in the interest = 6878.33 - 6057.81 = $820.52
Rounded to the nearest dollar difference in interest = $821
Answer:
9 to the 7th power
Step-by-step explanation:
Answer:
x = 33
y = 41
Step-by-step explanation:
GIven
x: number of nickels
y: number of quarters
A nickel = $0.05
A quarter = $0.25
then we have the system of equations
0.05*x + 0.25*y = 11.90
x + y = 74
Which can be solved applying any of known methods. Then, the solution is
x = 33
y = 41
hope this was helpful.
Answer:
4.166666667
Step-by-step explanation:
