Based on the types of compounding and the interest rates, the following are true:
- Part A - The group will have $750
- Part B - The group will have $759.19
When using simple interest, the amount the group will have is:
<em>= Amount x ( 1 + rate x number of years )</em>
= 600 x ( 1 + 5% x 5)
= $750
When using compound interest, the group will have:
<em>= Amount x ( 1 + rate) ^ Number of years</em>
= 600 x ( 1 + 4%)⁶
= $759.19
In conclusion, compound interest yields more.
<em>Find out more about </em><em>compound interest </em><em>at brainly.com/question/25263325. </em>
Answer:
x = - 27/8
Step-by-step explanation:
¹²⁾x/5 - ¹²⁾1/5 = ²⁰⁾x/3 + ¹⁵⁾1/4
12x - 12 = 20x + 15
- 12 - 15 = 20x - 12x
- 27 = 8x
x = - 27/8
Answer:
Step-by-step explanation:
60 * 50 * 2 = 6000cm
50 * 40 * 2 = 4000cm
40 * 60 * 2 = 4800cm
6000 + 4000 + 4800 = 14800 * .04= 592
Your answer is 266 hope this helps
