Answer:
Amount she would have in 2 years at a simple interest of is
$5000 + ($5000 x 0.048 x 2) = $5480
Amount she would have in 2 years at a 4.1 % / year compounded semi- annually is :
$5000 x ( 1 +0.041/2)^4 = $5422.78
the first option yields a higher value in two years when compared with the second option. Thus, the first option is the best one to choose
Step-by-step explanation:
Future value with simple interest = principal + interest
Interest = principal x interest rate x time
0.048 x 5000 x 2 = 480
future value = $480 + 5000 = $5480
The formula for calculating future value with compounding:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
5000 x ( 1 + 0.041 / 2)^(2 x 2) = $5422.78
Here is the method for solving that equation:
Step #1: Write the equation:
-15x = 0
Step #2: Divide each side of the equation by -15 :
<u>x = 0</u>
3^(4x) = 3^(5 - x)
4x = 5 - x
4x + x = 5
5x = 5
x = 5/5 = 1
x = 1
Answer:
The area is 35 inches
Step-by-step explanation:
You will need to cut the shape into 3 parts
the 3 by 3
2 by 5
and 4 by 4
after that you multiply the numbers to get the area of the 3 parts.
The final step is to add them all up
( if you have more problems message me)
