The method that results in more money after 2 years is Peggy's investment.
<h3>Which method results in more money in 2 years?</h3>
The formula for calculating the future value of an investment:
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate
- m = number of compounding
- N = number of years
Future value of Larry's investment: $350 x [1 + (0.04/4)]^(4 x 2) = $379
Future value of Peggy's investment: $350 x [1 + (0.06/12)]^(12 x 2) = $394.51
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Answer:
wait which one?
have u posted it?
Step-by-step explanation:
Answer:
x = 7
Step-by-step explanation:
Since the figures are similar then the ratios of corresponding sides are in proportion , that is
= 
, substitute values
= 
( cross- multiply )
48(7x - 9) = 60(4x + 4) ← divide both sides by 48
7x - 9 = 1.25(4x + 4) ← distribute parenthesis
7x - 9 = 5x + 5 ( subtract 5x from both sides )
2x - 9 = 5 ( add 9 to both sides )
2x = 14 ( divide both sides by 2 )
x = 7
2.2x+4.4
2.2(x+2) is your answer
