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2 years ago

6

Order from least to greatest 0.5, 1/5, 0.35, 12/25, 4/5

1 answer:

sdas [7]2 years ago

5 0

First change them all into either fractions or decimals. Decimals are probably easier though. 1/5 = 0.2; 12/25 = 0.48; 4/5 = 0.8
Order: 0.2, 0.35, 0.48, 0.5, 0.8
Then you change the decimals that you converted back into the fraction form
Answer: 1/5, 0.35, 12/25, 0.5, 4/5

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Debra plans to invest $2,250 for 10 years. She can invest in a savings account that pays 4% simple intrest or a savings account

Diano4ka-milaya [45]

Answer:

$\$180.55$

Step-by-step explanation:

step 1

<u><em>Simple interest</em></u>

we know that

The simple interest formula is equal to

$A=P(1+rt)$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest

t is Number of Time Periods

in this problem we have

$t=10\ years\\ P=\$2,250\\r=4\%=4/100=0.04$

substitute in the formula above

$A=2,250(1+0.04*10)$

$A=2,250(1.4)$

$A=\$3,150$

step 2

<u><em>Interest compounded annually</em></u>

we know that

The compound interest formula is equal to

$A=P(1+\frac{r}{n})^{nt}$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest in decimal

t is Number of Time Periods

n is the number of times interest is compounded per year

in this problem we have

$t=10\ years\\ P=\$2,250\\r=4\%=4/100=0.04\\n=1$

substitute in the formula above

$A=2,250(1+\frac{0.04}{1})^{1*10}$

$A=2,250(1.04)^{10}$

$A=\$3,330.55$

step 3

Find the differences between the two final amounts

$A=\$3,330.55-\$3,150=\$180.55$

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2 years ago