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Answer:
First account (simple interest)
Step-by-step explanation:
The amount of interest earned by the first account is ...
I = Prt = $2000·0.04·7 = $2000·0.28 = $560
The amount in the second account at the end of 7 year is ...
FV = P·(1+r)^t = $2000·1.02^7 = $2297.37
so you have earned $297.37 in interest on the second account.
$560 is more than $297, so the First Account (simple interest) earns more money.
I think it’s C but I could be wrong but I don’t think I am
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Answer:
D. a1=23/100, r=1/100
Step-by-step explanation:
The repeating fraction can be written as the sum ...
The first term is a1 = 0.23 = 23/100, and each successive term is shifted 2 decimal places to the right, so is multiplied by the common ratio r=1/100.
