Answer:
C
Step-by-step explanation:
Answer:
The compounded annually account will earn more interest over 10 years
Step-by-step explanation:
The rule of the simple interest is I = Prt, where
The rule of the compounded interest is A = P, where
- n is the number of periods
The interest I = A - P
∵ Each account start with $200
∴ P = 200
∵ They have an interest rate of 5%
∴ r = 5% = 5 ÷ 100 = 0.05
∵ One account earns simple interest and the other is compounded
annually
∴ n = 1 ⇒ compounded annually
∵ The time is 10 years
∴ t = 10
→ Substitute these values in the two rules above
∵ I = 200(0.05)(10)
∴ I = 100
∴ The simple interest = $100
∵ I = A - P
∵ A = 200
∴ A = 325.7789254
∵ I = 325.7789254 - 200
∴ I = 125.7789254
∴ The compounded interest = $125.7789254
∵ The simple interest is $100
∵ The compounded interest is $125.7789254
∵ $125.7789254 > $100
∴ The compounded annually account will earn more interest
over 10 years
Answer:
The career planning process is ongoing and sequential. Since it is fluid rather than chronological, you move to the next step only when you are ready to do so, and you may move back and forth between steps at any given time. The career planning process is also cyclic. When career change is desired anytime during your work life, you may repeat the process once again. Data from the U.S. Bureau of Labor Statistics indicates that the majority of members of the labor force will make three to four major changes in their career during their 35 to 45 years of working. Because human beings are complex, each of us has unique aspirations, goals, potential for development, and limitations. Although we can follow the same process, career planning outcomes must be individualized.
Step-by-step explanation:
800,000 is the correct answer
So, the right option is 1. so if my ans was helpful u can follow me.