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.
Answer:
11:1
Step-by-step explanation:
If the shaded region is the area inside the rectangle but outside the square, then the area is 121-25pi or 42.4602
The growth is decaying, the original value is 500 and the common multiplier is 5, 500 divided by 5 turns to 100. 100/5=20. 20/5=4. x/5 or 1/5 if it has to be in a fraction format