So
<span>20% of 18.50 = ____ </span>
<span>to get this you multiply </span>
<span>20% is .20 in decimal form </span>
<span>18.50 x .20 = $3.70 </span>
<span>so 20% is $3.70, which means the discount is $3.70 </span>
<span>so then you subtract $3.70 from the original price of 18.50 and you get </span>
<span>$14.80 which is your answer (:</span>
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Answer:
line one should have a y-intercept at (0,2).
Step-by-step explanation: