Assuming he had not dealt with the bank offering plan B before, he has nothing deposited two years back. Hence plan B only gives him only 0.2% annual interest for his deposit.
Plan A gives 0.25% for his deposit all the time.
So plan A is more advantageous.
For durations,
To reach $1,000,000 from $100,000, the money needs to grow 10 fold, or
(1+i)^n=10
n=log(10)/log(1+i).
So for plan A:
n=log(10)/log(1.0025)=922.18 years, while for
plan B
n=log(10)/log(1.0020)=1152.44 years.
Hope the bank(s) still exist at that time.
Answer:
1726 to the nearest 100 = 1700
Answer:
a number
Step-by-step explanation:
this was asked in april so i rly think you need an answer anymore
Answer:
<h3>
B. perimeter</h3>
Step-by-step explanation:
I think this would make the most sense.
Answer:
Shortest Leg: 5 inches, Hypotenuse: 13 inches
Step-by-step explanation:
A right triangle follows the pythagorean theorem, a^2+b^2=c^2. C is the hypotenus. A combination found using this is 5, 12, and 13. To double check this, we know that the hypotenus is 2x+3, where x is the smallest leg.