Answer:
The correct answer 8486.
Step-by-step explanation:
Given:
Troy - P pr principle amount = 10000
rate = 9%
time = 60-22 = 38
intrest at every three months so time = t = 38*4 = 132
Nicohlas
P = x
rate = 10%
time = 60 -45 = 15
every month compounded = 15*12=180
solution:
the formula of compound intrest = P (1 + r/n)^(nt)
where n = number of counded intrests per year
puting formula for troy=
10000 (1+9/4)^132
= 294,322.96 .....1
now for nicolas
I = x(1+10/12)^180
x = 294,322.96/(1+10/12)^180
= 8486.
Answer:
y - 6 = -4(x+1) is equivalent to equation C: y = -4x + 2
Step-by-step explanation:
Solve the given y - 6 = -4(x+1) for y and remove the parentheses shown:
y - 6 = -4(x+1) becomes
y = -4(x + 1) + 6, or
y = -4x - 4 + 6, or
y = -4x + 2 This is equivalent to equation C.
Answer:
The value of first coin will be $151.51 more than second coin in 15 years.
Step-by-step explanation:
You have just purchased two coins at a price of $670 each.
You believe that first coin's value will increase at a rate of 7.1% and second coin's value 6.5% per year.
We have to calculate the first coin's value after 15 years by using the formula

Where A = Future value
P = Present value
r = rate of interest
n = time in years
Now we put the values



A = (670)(2.797964)
A = 1874.635622 ≈ $1874.64
Now we will calculate the value of second coin.



A = 670 × 2.571841
A = $1723.13
The difference of the value after 15 years = 1874.64 - 1723.13 = $151.51
The value of first coin will be $151.51 more than second coin in 15 years.
Answer:
D
Step-by-step explanation: