Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
X=-1
The axis of symmetry will be directly in the middle of the intercepts.
Answer:
x = -70
Step-by-step explanation:
x/10 = -7
Multiply each side by 10
x/10*10 = -7*10
x = -70
Let Edy's money be x.
Lucy: 35% more --- (135/100) x
x + (135/100) x = 206.80
(47/20)x = 206.80
47x = 206.8 x 20
47x =4136
x = 88
Edy saved $88.
Lucy saved (135/100)(88) = $118.80
Answer:
Srue what's your question
Step-by-step explanation:
