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Answer
A only (2,3)
Step-by-step explanation:
If you graph it or plug it into Desmos that can also help
We want to find 9.5% of $50.
First put 9.5% in decimal form. 9.5% = 0.095.
Then multiply 0.095 by 50. 50 * 0.095 = $4.75 fee
The money Kennedy will recieve is going to be 50 dollars minus the $4.75 fee.
50 - 4.75 = $45.25 with the fee subtracted
The formula to find the amount is
here A is amount
P is the principal
'r' is the rate of interest
n is the number of years.
Case 1.
Stevan invests
P =$ 20,000
r = 3% = 0.03
n = 10 years
Hence the interest earned
= A - P = 26878.33 - 20000 = $6878.33
Case 2.
Evan invests
P = $10,000
r = 7% = 0.07
n = 7 years
Hence the interest earned
= A - P = 16057.81 - 10000 = 6057.81
Difference in the interest = 6878.33 - 6057.81 = $820.52
Rounded to the nearest dollar difference in interest = $821
Answer: 3 years
Because:
1 year=1050
2years=525
3years=262.5
