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:
7
Step-by-step explanation:
let the no. be 'x'
By question,
2x-8=6
or, 2x =6+8
or,2x = 14
or,x = 7
therefore, the no. is 7.
Answer:
0.375 feet.
Step-by-step explanation:
Multiply .25 by 1.5 to get 0.375.
Answer:
10
Step-by-step explanation:
The answer is 10 because there are five stacks of 2 cubes. 5 x 2 = 10.
