<em>Answer:</em>
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<em>Step-by-step explanation:</em>
<em>Khan academy huh?</em>
- <em>put the numbers in order from least to greatest.</em>
- <em>find the median</em>
- <em>find the difference between the median and all of the other numbers.</em>
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<em>P.S. If you were looking for somebody to tell you the answer don't hold your breath.</em>
It will take 2 years.
Year 1 :
4% 2.5k = 2.5k/100 × 4 = $100 in interest
$2.5k + $0.1k = $2.6k
Year 2 :
4% 2.6k = 2.6k/100 × 4 = $104 in interest
$100 + $104 = $204 > $200
There may be a simpler way to solve this using a formula for example, but I just solved this step by step. Please feel free to ask if you have any questions
Answer:
she is wrong, offer 2 results in lower interests
Step-by-step explanation:
total amount paid if offer 1 is accepted:
$6,000 x (1 + 3%)² = $6,000 x 1.0609 = $6,365.40
she will pay $365.40 in interests
total amount paid if offer 2 is accepted:
($6,000 x 1.01) x 1.05 = $6,060 x 1.05 = $6,363
she will pay $363 in interests
Compounding interest refers to interest that earns more interest itself, e.g. in the first offer, the $180 of interests charged for the first year will earn $5.40 in extra interests. While offer 2 only charges $60 in interests during the first year which will in turn earn $3 of interests. The difference between both offers is that interest charges in offer 1 earn more interests than the interest in offer 2 = $5.40 - $3 = $2.40
Answer:
x=7
Step-by-step explanation
left part + 0.006 = right part + 0.006
----> 0.1x = 0.08x+0.14
left part -0.08x =right part - 0.08x
----> 0.02x=0.14
x=7
