Answer:
4 better xplanation inbox
Step-by-step explanation:
Answer:
The compounded annually account will earn more interest over 10 years
Step-by-step explanation:
The rule of the simple interest is I = Prt, where
The rule of the compounded interest is A = P, where
- n is the number of periods
The interest I = A - P
∵ Each account start with $200
∴ P = 200
∵ They have an interest rate of 5%
∴ r = 5% = 5 ÷ 100 = 0.05
∵ One account earns simple interest and the other is compounded
annually
∴ n = 1 ⇒ compounded annually
∵ The time is 10 years
∴ t = 10
→ Substitute these values in the two rules above
∵ I = 200(0.05)(10)
∴ I = 100
∴ The simple interest = $100
∵ I = A - P
∵ A = 200
∴ A = 325.7789254
∵ I = 325.7789254 - 200
∴ I = 125.7789254
∴ The compounded interest = $125.7789254
∵ The simple interest is $100
∵ The compounded interest is $125.7789254
∵ $125.7789254 > $100
∴ The compounded annually account will earn more interest
over 10 years
Answer:
$1,956.80
Step-by-step explanation:
For amounts over $6000, the commission can be computed as ...
0.14s -300 . . . . . . for sales (s) ≥ 6000
So, for $16,120 in sales, the commission is ...
0.14×$16,120 -300 = $2,256.80 -300 = $1,956.80
__
The commission schedule suggests that for larger amounts, you divide the problem into two parts: calculate the commission on $6000, and separately calculate the commission on the amount over $6000.
0.14(s -6000) + 0.09(6000)
= 0.14s - 0.14·6000 +0.09·6000
= 0.14s -300 . . . . the formula used above for s ≥ 6000
Answer:
92 million miles
Step-by-step explanation:
hope this helps
sorry if it is wrong
plz mark brainliest
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
step 1
Find the rate of interest
in this problem we have
substitute in the formula above and solve for r
The rate of interest is
step 2
Find the sum of money that will amount to 25,500 in 5 years, at the same rate of interest
in this part we have
substitute in the formula above and solve for P