Answer:
I would rather do the second option of which uses Compound interest that will give a profit of $47.85
Step-by-step explanation:
In this problem we will be exploring the two formulas
1. simple interest
A= P(1+r*t)
2. compound interest
A= P(1+r/n)^nt
Where A= final amount
P= initial amount
r= rate
t= time.
n= number of periods Compounded
1.given data
P= $600
r= 3%= 3/100= 0.03
t= 2 years
A= 600(1+0.03*2)
A= 600(1+0.06)
A= 600(1.06)
A= $636
Interest = 636-600= $36
2. Given data
P= $600
r= 4%= 4/100= 0.04
n= 24
t= 2
A= 600(1+0.04/24)^24*2
A=600(1+0.0016)^48
A=600(1.0016)^48
A= 600*1.07975
A= 647.85
Interest = 647.85-600= $47.85
Answer:
98 x 24 = 2352
2352 x 2400 = 5,644,800
2352 x (-48) = - 112,896
5,644,800 - 112,896 = 5,531,904
5,531,904 x 24 = 132,765,696
Step-by-step explanation:
Answer:
A)
Step-by-step explanation:
Answer
it starts in high school but is not recommended for 9th graders.
Step-by-step explanation:
The answer would be 4 bc 5 minus 1 is 4. x = 4. y = 4.
