Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
2/3 of 30 9/10 = (30*10 + 9)/10 = 309/10 kilograms of glass is blue or there are:
(2/3)(309/10) = (2*309)/(3*10) = (2*103)/10 = 206/10 = 10.6 kg of blue glass.
Answer:
A
Step-by-step explanation:
(y + 7) - (-8y + 14) = y + 7 + 8y - 14 = 9y - 7
Answer:
k = 324
Step-by-step explanation:
Y varies inversely as x
Let k be the constant of variation
Y = k/ x
Y= 36 and x= 9
Substitute the value of Y and x
36 = k/9
Make k the subject of the formula
k= 36*9
k =324