Answer:
After 10 years
Rick will have $1,480.24
Sally will have $1,500
Step-by-step explanation:
Data provided in the question:
Principle amount = $1,000
Now,
For Rick
Interest rate by bank, r = 4% = 0.04
Time period, n = 10 years
Now,
Final amount after 10 years with Rick using the compounding formula
Final amount = Principle × (1 + r)ⁿ
= $1,000 × (1 + 0.04 )¹⁰
= $1,480.24
For Sally
Amount paid each year = $50
Therefore,
Total amount paid in 10 years = $50 × 10
= $500
Thus,
Final amount Sally will have after 10 years
= $1,000 + Total amount paid in 10 years
= $1,000 + $500
= $1,500
Hence,
After 10 years
Rick will have $1,480.24
Sally will have $1,500
Answer:
<h2>
</h2>
Step-by-step explanation:
Given,
There are 8 seats in a row.
There are 8 seats in a row.4 seats are occupied.
Available seats = 8 - 4 = 4 seats
Fraction of seats available:
Reduce the fraction with GCF 4
Hope this helps..
Best regards!!
Answer:
C
Step-by-step explanation:
Cause the other one are minus
Answer:
total would be $9.05
Step-by-step explanation:
$0.55 + $8.50
