Answer:
Bill will earn more interest
He will earn $ 20,448.67 from his investment
Step-by-step explanation:
Firstly let us calculate Jim's earnings based on simple interest
A = P(1 + rt)
Calculation:
First, converting R percent to r
a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
Solving our equation:
A = 15000(1 + (0.035 × 25)) = 28125
A = $28,125.00
The total amount accrued, principal plus interest, from simple interest on a principal of $15,000.00 at a rate of 3.5% per year for 25 years is $28,125.00 for Jim
Now let's us calculate bill's investment based on compound interest
Equation
A = P(1 + r)^t
A=15000(1+0.035)^25
A=15000(1.035)^25
A=15000*2.36324498427
A = $ 35,448.67
We see that Bill will earn
$ 20,448.67 from his investment
No she is not correct she needs to go back to school and learn math
Answer:
x-intercept (-3,0); y-intercept (0,12)
Step-by-step explanation:
To find the x-intercept --> y should equal 0
8x-2(0)=-24 substitute
8x=-24 divide
x=-3 (-3,0)
To find they-intercept --> x should equal 0
8(0)-2y=-24 substitute
-2y=-24 divide
y=12 (0,12)
Answer:
3x + 9 + 4x + x = 8x + 9
Step-by-step explanation:
combine like terms
