The amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
<h3>What is compound and simple interest?</h3>
Simple interest is based on the principal amount of a loan or deposit. In contrast, compound interest is based on the principal amount and the interest that accumulates on it in every period.
Here we have the principle is $3000 for 4 years at the rate of interest of 5.2%. Now we will calculate the total amount by simple interest and compounded annually.
By using Simple interest:-
So the total amount will be =3000+624=$3624
By using the Compound interest formula:
The difference between the two amounts will be =3764-3624=$50
Hence amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
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Answer:
Step-by-step explanation:
In the division algorithm, if the remainder is zero, then the algorithm terminates, resulting in a terminating decimal. remainder repeats, the calculations that follow will also repeat in a cyclical pattern causing a repeating decimal.
C = 220T + 1890.
Solve the equation for T.
220T = C - 1890
T = C/220 - 8.6
The steel produced is expected to be sold at a price of $310 per ton.
310 $/ton is a rate or slope. Write a linear equation where x is tons of steel produced and y is selling price of the steel.
y = 310x
Write and solve an equation to find the amount of steel produced if the selling price is equal to the cost of production.
* Here, note that the cost of production and tons of steel in the first equation is in the millions. The equation we just wrote for the selling price was in x tons of steel. This only matters in regards to the units you specify because; million/million = 1
The unit multiplier of all variables must be specified as same. Either everything is in millions or not.
Here, I'll leave everything in millions, change x (tons of steel) to T (mill tons steel) and "y" to "S" in million dollars selling price.
S = 310T
Set equal to Cost equation.
220T + 1980 = 310T
Solve for T, million tons of steel produced.
1980 = 310T - 220T
1980 = 90T
T = 1980/90
T = 22 million tons steel produced
123 5/10 becuase everything on the left side of the dcimal is a whole number and everything on the right side is a fraction. The 5 is in the 10 place so the denominator would be 10 and the numerator would be 5. Your answer is 123 5/10 or simplified, 123 1/2
Answer:1/2 if you multiply 2 to the top number then multiply 3 with the bottom
Step-by-step explanation:
