Step-by-step explanation:
You use the I = PRN formula
P = 11 500
R = 7.25% but you have to 7.25 divide by 100 so it becomes a decimal so it should be 0.0725
N = 2 years and 6 months. This can be 2.5 years because half of 12 is 6
the solution is 11 500 × 0.0725 × 2.5 = 2084.38
Answer:
B) No Unique Solutions
Step-by-step explanation:
Given:
now we now the value of y = 2 so we will substitute in equation
Now, We have value of y=2 and value of 
Substituting in both the value in equation
which means that the equation has Infinite solutions.
ur not dum
Answer:
Paul
Step-by-step explanation:
Paul earn more than monica. Though he is getting less interest but because of his higher initial amount he is getting more return.
Computing the return of both
Monica return is 100*3.4%= $3.4 in a year
Paul return is 200*%2.2= $4.4 in a year.
Changed both of them to a fraction
