Answer:
First account (simple interest)
Step-by-step explanation:
The amount of interest earned by the first account is ...
I = Prt = $2000·0.04·7 = $2000·0.28 = $560
The amount in the second account at the end of 7 year is ...
FV = P·(1+r)^t = $2000·1.02^7 = $2297.37
so you have earned $297.37 in interest on the second account.
$560 is more than $297, so the First Account (simple interest) earns more money.
Given that:
James is 6 times older than his friend Zach, if Zach added 8 to his age and multiplied this sum by 3 .
To find:
The equation that can be used to solve for zach's age.
Solution:
Let the age of zach be Z.
Zach added 8 to his age = Z+8
And multiplied this sum by 3 = 3(Z+8)
James is 6 times older than his friend Zach = 6Z
Now,



Divide both sides by 3.

Therefore, the required equation is
is age of zach is 8 years.