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:
After 50 years the stock value will be $50 per share.
Step-by-step explanation:
Simple Interest Equation (Principal + Interest)
A = P(1 + rt)
Where:
A = Future amont = $50
P = Principal Amount = $40
r = Rate of Interest per year in decimal; r = R/100 = 0.5/100 = 0.005
t = Time Period involved in months or years
Plug in the values
50 = 40(1 + 0.005t)
50 / 40 = (1 + 0.005t)
5/4 = 1 + 0.005t
5/4 - 1 = 0.005t
0.25 = 0.005t
t = 0.25 / 0.005
t = 50 years
Given:
The radius of circle is 11 inch
The value for pi is 3
The objective is to find the area of the circle.
The area of the circle is given by the formula:
Substituting ,r = 11
We get:
Hence, the area of the circle is 363 square inches
The history museum is less that 9 4/5 miles. 9/10 means that the 9 3/4 mile is broken up into 10 equal parts and the distance to the museum is only 9 of those parts. 9 3/4 (9.8) divided by 10 equals 98/100 (.98)
98/100 x 9 = 882/100 or 8.82
Justin's house is 8.82 miles from the museum.
Answer: 2x-6
Work Shown:
john = x
sam = x-3 since he scored 3 fewer than john
rob = 2*(sam) = 2(x-3) = 2*x-2*3 = 2x-6
