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
Answer:
1
Step-by-step explanation:
√4x+1=3
√4x = 3 - 1
√4x = 2
squaring both sides,
(√4x)² = 2²
4x = 4
x = 4/4
x = 1
Answer:
Step-by-step explanation:
area = ½bh = 12 mm²
bh = 24 mm²
(b,h) = (3,8) and (6,4)
Answer:
120 degrees
Step-by-step explanation:
You can just eyeball that it is greater than 90 degreees so it must be 120 degrees.
