Answer:
$21,038.28
Step-by-step explanation:
Use the equation 15000(1.07)^5 since 1.07 equals to 7% and you are loaning more money to Tony's account for 5 years. You should get $21,038.28 as your result.
In this situation, it is similar to a coin flip, so think about flipping a 2 sided chip, one side colored yellow the other blue, flipping the chip will result in a 50/50 chance for it to land on either side, so no matter how many times you flip it it will always be a 1/2 chance of it being on one of the sides
Answer:
Whichever train has the greatest numbers
Step-by-step explanation:
Answer:
Option A earns higher interest($84115.58)
the difference in interest between the two option is $197.9
Step-by-step explanation:
In the problem we are going to apply both the simple interest formula and compound interest formula and compare which has the best/higher returns
Given data
Principal P= $43,000
Rate r= 6%= 0.06
time t= 3years
n= 4 (applicable for compound interest compounded quarterly)
solving for option A gives her 6% compounded quarterly
the compound interest formula is


Interest is
=$8411.58
solving for option B which gives her 6% simple interest annually
the simple interest formula is

Interest is
= $8213.68
calculating the diference in interest between the two options we have
= $197.9
Option A earns higher interest
13% 0.25 1/3 0.35 least to greatest