3x - 10x = 14
-7x = 14
x = -2
Answer:
Step-by-step explanation:
the simple interest formula= principal* interest rate*time
simple interest : 100000*%2*2 years
simple interest= 4000 dollars
compound quarterly : A=principal(1+r/4)^t
since it is quarterly and have 4 quarters in a year, and 8 in two years.
compound quarterly: 100000(1+0.03/4)^8=106159.88
it is better to invest with compound interest because it add 6159 dollars in two years to the investment of 100000 dollars.
the difference between the interest: 6159.88-4000=2159.88
Try this: Principal times (1+interest rate as a decimal fraction)^(number of yrs)
In this case, Principal = $28,000; interest rate = -0.25; # of years = 1
So Decrease in value = $28,000 (0.75)^1 = $21,000.
She earns 345$ for the whole 3 years.
drawing isn't shown, pls take a screenshot or photograph the exercise
