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luda_lava [24]
3 years ago
9

Help with 401k Basic financial math

Mathematics
1 answer:
amm18123 years ago
5 0

80000x0.03= 24000 dollars per year A. 65x0.03= 1.95 per month B 860x0.03= 25.80

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600 or 600 decreased by 20% and then increased by 20% of the result? Which amount is larger and by how much
ohaa [14]

Answer:

The initial value of 600 is larger and larger by 24.

Step-by-step explanation:

First of all a 20% decreased of 600.

So, the new value will be 600(1 - \frac{20}{100}) = 600 \times 0.8 = 480.

Now, then it is increased by 20% i.e. 480 will be increased by 20%.

So, the new value will be 480(1 + \frac{20}{100}) = 480 \times 1.2 = 576.

Therefore, the initial value of 600 is larger and larger by (600 - 576) = 24. (Answer)

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