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ExtremeBDS [4]
3 years ago
5

You have $2000 to deposit for 7 years and two account options. The first earns you simple interest at a rate of 4% and the secon

d earns you compound interest (compounded annually) at a rate of 2%. Which account earns you more money?
First account (simple interest)

Second account (compound interest)

They earn you the same

Not enough information to say
Mathematics
1 answer:
pogonyaev3 years ago
6 0

Answer:

First account (simple interest)

Step-by-step explanation:

The amount of interest earned by the first account is ...

I = Prt = $2000·0.04·7 = $2000·0.28 = $560

The amount in the second account at the end of 7 year is ...

FV = P·(1+r)^t = $2000·1.02^7 = $2297.37

so you have earned $297.37 in interest on the second account.

$560 is more than $297, so the First Account (simple interest) earns more money.

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You want the final solution to consist of 50% slime, or 60 gal of slime. Each gal of the 40% solution contributes 0.4 gal of slime, while each gal of the 70% solution contributes 0.7 gal of slime. This means

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8 0
3 years ago
Help now please help
SOVA2 [1]

Answer:

x = 47

Step-by-step explanation:

So It most likely adds up to 180 degrees so.

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4x = 188 (divide 188 by 4)

x = 47

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47 - 10 = 37 -----> x - 10

47 + 6 = 53 ------> x + 6

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3 years ago
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Step-by-step explanation:

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