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: $27.50
Step-by-step explanation:
45% = 0.45
$50 × 0.45 = $22.50
$50 - $22.50 = $27.50
Don't worry because I be the dumb too. Me could have been using 0.55 as multiplier but am too dumb so made meself get extra step
Lol
You could have also done:
$50 × 0.55 = $27.50
Answer:
0.51, √5, 5.1% x 10^-3
Step-by-step explanation:
It is 80 kilometer per hour
Answer:
Distributive property
Step-by-step explanation:
the factor "3" which appears outside the parenthesis multiplies the two terms inside it. You perform the multiplication term by term. It is also referred to as the factor "3" distributes among the terms inside the parenthesis, multiplying each.
