Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Simplifying both sides of the equation then isolating the variable
Answer:
= 6 over 23 (or = 6/23
Step-by-step explanation:
Convert mixed numbers to improper fractions 3 5/6 = 23/6
Convert element to fraction
= 1 divide 23/6
Apply the fraction rule: a/b divide c/d = a/b x d/c
= 1 over 1 (or 1/1) divide 23/6
Apply rule a/a = 1
= 1 over 1 (or 1/1) x 6/23
Multiply 1x 6/23 = 6/23
= 1 x 6/23
ANSWER 6/23
Hope this helps!
Answer:
Nolan correctly identified the square numbers before and after 18.
The square roots of them are 4 and 5.
Clearly, square root of 18 should lie between 4 and 5 only.
He, then carefully squared 4.1, 4.2, 4.3 etc. and identified that 4.3 squared is nearer to 18.
Since, Nolan is finding estimated square root, his steps are cool and he didn't make any error.
If I understand this problem correctly the answer would be 29 more people can board the plane! Hope this helps! Comment if you have questions!!!
