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
Answer:
The x variable has an exponent of 2
Step-by-step explanation:
To be a linear equation, the highest power must be 1 on the variables
2x^2 +y =7 is quadratic since x^2 has a power of 2
Answer:
The expected amount of blue M&M's would be 15
Step-by-step explanation:
12% of 125 is 15 therefore you should expect 15.
Answer:
x= 5√7
Step-by-step explanation:
Use the Pythagorean theorem
16^2= 9^2 + x^2
x^2=175
x= √175
x= 5√7
