Answer:
Bill will earn more interest
He will earn $ 20,448.67 from his investment
Step-by-step explanation:
Firstly let us calculate Jim's earnings based on simple interest
A = P(1 + rt)
Calculation:
First, converting R percent to r
a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
Solving our equation:
A = 15000(1 + (0.035 × 25)) = 28125
A = $28,125.00
The total amount accrued, principal plus interest, from simple interest on a principal of $15,000.00 at a rate of 3.5% per year for 25 years is $28,125.00 for Jim
Now let's us calculate bill's investment based on compound interest
Equation
A = P(1 + r)^t
A=15000(1+0.035)^25
A=15000(1.035)^25
A=15000*2.36324498427
A = $ 35,448.67
We see that Bill will earn
$ 20,448.67 from his investment
Probability is what the letter p indicates
Hello!
To solve this problem, we will use a system of equations. We will have one number be x and the other y. We will use substitutions to solve for each variable.
x+y=9
x=2y-9
To solve for the two numbers, we need to solve the top equation. The second equation shows that x=2y-9. In the first equation, we can replace 2y-9 for x and solve.
2y-9+y=9
3y-9=9
3y=18
y=6
We now know the value of y. Now we need to find x. We can plug in 6 for y in the second equation to find x.
x=2·6-9
x=12-9
x=3
Just to check, we will plug these two numbers into the first equation.
3+6=9
9=9
Our two numbers are three and six.
I hope this helps!
Answer: The value of a is -6.
Step-by-step explanation:
To do this we need to find the y-intercept first.
-2= 4(1/2) + b
-2=2+ b
-2 -2
b= -4 so now the y-intercept is -4 so we will now have the equation y= 1/2x -4
so now put -4 into the equation for x and solve for y.
y= 1/2(-4) -4
y = -6
The answer would be -2! :)