Answer:
she is wrong, offer 2 results in lower interests
Step-by-step explanation:
total amount paid if offer 1 is accepted:
$6,000 x (1 + 3%)² = $6,000 x 1.0609 = $6,365.40
she will pay $365.40 in interests
total amount paid if offer 2 is accepted:
($6,000 x 1.01) x 1.05 = $6,060 x 1.05 = $6,363
she will pay $363 in interests
Compounding interest refers to interest that earns more interest itself, e.g. in the first offer, the $180 of interests charged for the first year will earn $5.40 in extra interests. While offer 2 only charges $60 in interests during the first year which will in turn earn $3 of interests. The difference between both offers is that interest charges in offer 1 earn more interests than the interest in offer 2 = $5.40 - $3 = $2.40
Answer:
This is what you have to explain:
With 5n, you are multiplying a number and a variable.
With 5 + n, you are adding a number and a variable.
Answer:
"Starting today, I need to forget what's gone. Appreciate what still remains and look forward to what's coming next."
"Pain makes you stronger, fear makes you braver, heartbreak makes you wiser."
"I will not allow myself to not feel chosen every single day. And I’ll wait till whenever that is." — Hannah Brown
"Sometimes good things fall apart so better things can come together."
"Live for what today has to offer, not for what yesterday has taken away."
"Accept what is, let go of what was, and have faith in what will be."
"Don't be afraid to start over. It’s a brand new opportunity to rebuild what you truly want."
"Inhale the future, exhale the past."
"Don’t cry because it’s over, smile because it happened."
Answer:
Step-by-step explanation:
