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defon
3 years ago
8

PLEASE HELP WITH 35-37 DUE TOMORROW PLEASE ALSO EXPLAIN HOW YOU DID IT THANKS

Mathematics
1 answer:
Anarel [89]3 years ago
5 0
36.
A = lw
16 = 8(x-5)
16 = 8x - 40
56 = 8x
x = 7
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Jane is having difficulty deciding whether to put her savings in the Mystic Bank or in the Four Rivers Bank. Mystic offers a 12%
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Jane must therefore deposit her savings in the four rivers bank.

<h3>What is compound interest?</h3>

Interest that is added to a loan and deposit sum is known as compound interest. In our everyday lives, it is the notion that is employed the most frequently. Compound interest is calculated as a sum using the interest and principal accrued over time. Compound interest versus simple interest differ primarily in this way.

As per the data provided in the question,

Rate, r = 12%

After five years, the total amount, if Jane had saved at Mystic Bank,if Jane had saved at Mystic Bank would be:

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To know more about Compound Interest:

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Answer:

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Step-by-step explanation:

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