Answer: Linda earns more interest
Step-by-step explanation:
Linda: 90000 x 1.06^3 -90000 = 17191.44
Bob: (90000 x 1.06 - 90000) x 3 = 16200
17191.44 > 16200
Step 1: We make the assumption that 498 is 100% since it is our output value.
Step 2: We next represent the value we seek with $x$x.
Step 3: From step 1, it follows that $100\%=498$100%=498.
Step 4: In the same vein, $x\%=4$x%=4.
Step 5: This gives us a pair of simple equations:
$100\%=498(1)$100%=498(1).
$x\%=4(2)$x%=4(2).
Step 6: By simply dividing equation 1 by equation 2 and taking note of the fact that both the LHS
(left hand side) of both equations have the same unit (%); we have
$\frac{100\%}{x\%}=\frac{498}{4}$
100%
x%=
498
4
Step 7: Taking the inverse (or reciprocal) of both sides yields
$\frac{x\%}{100\%}=\frac{4}{498}$
x%
100%=
4
498
$\Rightarrow x=0.8\%$⇒x=0.8%
Therefore, $4$4 is $0.8\%$0.8% of $498$498.
Https://www.algebra.com/cgi-bin/plot-formula.mpl?expression=highlight%28x%3C=45%29
Add the balance and allotment:
22.90 + 50.00 = 72.90
This is how much she can actually spend.
She spent 85.50.
Subtract the two:
85.50 - 72.90 = 12.60
Since she spent more than she actually could be balance would be a negative number.
The balance would be - $12.60
