Answer:
she is wrong, offer 2 results in lower interests
Step-by-step explanation:
total amount paid if offer 1 is accepted:
$6,000 x (1 + 3%)² = $6,000 x 1.0609 = $6,365.40
she will pay $365.40 in interests
total amount paid if offer 2 is accepted:
($6,000 x 1.01) x 1.05 = $6,060 x 1.05 = $6,363
she will pay $363 in interests
Compounding interest refers to interest that earns more interest itself, e.g. in the first offer, the $180 of interests charged for the first year will earn $5.40 in extra interests. While offer 2 only charges $60 in interests during the first year which will in turn earn $3 of interests. The difference between both offers is that interest charges in offer 1 earn more interests than the interest in offer 2 = $5.40 - $3 = $2.40
Answer:b
Step-by-step explanation:
Given
Hilda draws a card from a deck of cards and it is seven.
It is certain that card is 7 so there a 4 cards which can be 7
i.e. 7 of hearts,7 of spades,7 of club,7 of diamond
So probability that it is the 7 of spades is
Answer:
Step-by-step explanation:
50 dollars = ∉34
∉1 = Rs 150
Rs 382800 / 150 Rs per ∉ = 382800/150 ∉
=2552 ∉
50 dollars = ∉34 so 50/34 dollars = ∉
2552 ∉ × 50/34 dollar per ∉ = in the units the ∉ cancel out
∉ × dollar/∉ = dollars
(2552 × 50) / 34 = 3752.94 dollars <------------------
Here is another way of looking at the answer...........
Rs 382800 × 1∉/150 Rs × 50 dollars/34 ∉ = note how the units cancel
= 382800 × (1/150) × (50/34) Rs × ∉/Rs × dollars/∉
= 3,752.94 dollars leaving only dollars in the numerator
The price for each instructor will be the same at 3 hours. How I determined this answer:
First off, you need to add the initial price and hourly price for each person together, so you already know how much it will cost for 1 hour, including the initial fee. Here's how you do it:
Ieda: $11.00 (hourly price) + $8.50 (initial fee) = $19.50 (for 1 hour)
Thanh: $10.50 (hourly price) + $10.00 (initial fee) = $20.50 (for 1 hour)
Now that you have the price for 1 hour including the initial fee, now you need to find the price for each hour after that. Here's how I did that:
I created a graph that looked like this:
Hours: 1 2 3
Ieda: 19.50 30.50 41.50
Thanh: 20.50 31.00 41.50
Here's how I figured out the price for each hour:
Ieda:
Hour 1 (including initial price):
$11.00 + $8.50 = $19.50
Hour 2 (excluding initial price): Only add the hourly price after Hour 1!
$19.50 + $11.00 = $30.50
Hour 3 (excluding initial price):
$30.50 + $11.00 = $41.50
Thanh:
Hour 1 (including initial price):
$10.50 + $10.00 = $20.50
Hour 2 (excluding initial price):
$20.50 + $10.50 = $31.00
Hour 3 (excluding initial price):
$31.00 + $10.50 = $41.50
So, looking at the graph, their prices are the same once each instruction reaches 3 hours. ($41.50)
I hope I was able to help you! :)