Answer:
Jenn's account has a greater simple interest rate.
Lindsey's interest in 1 year was $3
Jenn's interest in 2 years was $7.50 if you divide $7.50 by 2 the answer would be 3.75 therefore Jenn's account has the greater simple interest rate.
Step-by-step explanation:
plot the points
0,0
1,3
2,6
3,9
if anything else is needed inform me.
Answer:
483 ft²
Step-by-step explanation:
2(7x7)= 98
3(5x12)=180
2(12x5)=120
2(5x5)= 50
1(7x5) = <u> 35 </u>
483
Answer:
The company's profit in 2007 was 11.088 millions
Step-by-step explanation:
This is a compound interest problem where the initial amount is 8.8 million, the interest rate is 6% and the time period is 4 years and it gets compounded yearly. So we can use the compound interest formula, that is given by:
A = P*(1 + r/n)^(n*t)
Where A is the final amount, P is the initial amount, r is the rate, t is the total amount of time and n is the number of times it gets compounded in one year. We can now use all the values that were given to us to find out the profit of the company.
A = 8.8*(1 + (0.06))^(4) = 8.8*(1.06)^16
A = 8.8*1.26 = 11.088 millions
So the company's profit in 2007 was 11.088 millions
