Answer:
After 10 years, Julie's account balance will be $ 363.88 and Leah's account balance will be $ 411.75, thus Leah will have more money in her account.
Step-by-step explanation:
Since Julie invests $ 200 per month in an account that earns 6% interest per year, compounded monthly, and Leah invests $ 250 per month in an account that earns 5% interest per year, compounded monthly, to determine the amount of each after 10 years, the following calculations must be performed:
200 x (1 + 0.06 / 12) ^ 10x12 = X
200 x 1.005 ^ 120 = X
200 x 1.8193 = X
363.88 = X
250 x (1 + 0.05 / 12) ^ 10x12 = X
250 x 1.00416 ^ 120 = X
250 x 1.647 = X
411.75 = X
Therefore, after 10 years, Julie's account balance will be $ 363.88 and Leah's account balance will be $ 411.75, thus Leah will have more money in her account.
79/100 is the simplest form
Answer:
m= -7/5
Step-by-step explanation:
(x1,y1)=(3,4)
(x2,y2)=(8, -3)
Use the slope formula:
m = y2 - y1
x2 - x1
(-3-4)/ (8-3)
= -7/5
Answer:
20% increase
Step-by-step explanation:
Initial price: $2.25
New price: $2.70
Percentage=(new price - initial price)×100/(initial price)
p=(2.70-2.25)×100/2.25=45/2.25=20%
