Answer:
Investment with interest rate 0.1872 is better
Step-by-step explanation:
Given as :
George investment principal = $20,000
The Rate of interest (R1) = 18 
% = 
%
I.e R1 = 18.67 %
Again The The Rate of interest (R2) = 0.1872 = 18.72 %
Let the time period for both rate of interest = 1 years
Now from compound interest method
Amount = Principal × 
Or, A 1 = $ 20 , 000 × 
Or, A 1 = $ 20 ,000 × 1.1867
∴ A 1 = $ 23,734
And A 2 = $ 20 , 000 × 
Or, A 2 = $ 20 ,000 × 1.1872
∴ A 2 = $ 23,744
Hence From the calculation of both amount it is clear that , investment with interest rate 0.1872 is better . Answer
Answer: 9,953
Step-by-step explanation:
The first step is to find what the sales tax rate is for the first car because it will be the same for the second.
11,900/767 = .064
Now to find the cost of the second car we divide.
637/.064 = 9,953.125 Round to nearest dollar.
Just multiply the top number by the top number and the bottom numbers by the bottom numbers so
2/4 times 1/3=(2 times 1)/(4 times 3)=2/12
so to simplify, we find the ones exg 4/8=1/2 because 1/2 times 4/4=4/8 and 4/4 cancels out so
2/12=2/2 times 1/6
=1/6
Answer:
Ben spent 9 dollars
Step-by-step explanation:
Answer:
This is the concept of geometric series. We are required to find the recursive formula for year n. Here we will use the formula;
nth=ar^(n-1)
where;
a=first term
r=common ratio
n=nth term
Thus
a=8.50
r=(8.85)/(8.50)=1.0412
thus the formula will be:
nth=8.50(1.0412)^n
