Answer:
55
Step-by-step explanation:
So lets take our 50 dollars.
Next, take your increase of 5%. Remember, 5% is 0.05, and it is a increase of 5%, so we are multipling 50 by 1.05.
Before we start multiplying, lets recall that this occurs twice(2 years), but this doesnt mean we multiply 50 by 1.10. No, we just mutiply 50 by 1.05 2 times:
50*1.05
=
52.5
52.5*1.05
=
55.25
So your answer is 55 dollars(rounding down).
Hope this helps!
Hmmmmmm I think I know the answer to this
Answer:
2/1
Step-by-step explanation:
Slope = 2
up 2, right 1
rise over run
Answer:
Ratio between balances will be:

Where;
x = deposit
%i = interest rate annual
n = years
Step-by-step explanation:
Lets say first deposit is x$ for both investment and annual interest rate for both investment are %i. Also, they stayed under i interest in n years:
Total balance for simple interest is:

How ever total balance for compound interest is:
