Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Answer: 25
<u>Step-by-step explanation:</u>
7(x - y) - 3(2 + 2x)
= 7x - 7y - 6 - 6x
= x - 7y - 6
for x = 3, y = -4
3 - 7(-4) - 6
= 3 + 28 - 6
= 31 - 6
= 25
f(x) means x = -2 if you multiply 1/2 by -2 you get -1
Answer:
ok so this can be represented as
7.75x+675=1062.50
-675
7.75x=387.5
divide by 7.75
x=50
Hope This Helps!!!
The slope is -3.
Finding slope can be easy if you just remember that the formula is set up as y=mx+b.
The number in the 'm' place is always the slope.
Example: y=4x+1, the slope would be 4 because it's in the 'm' place.
If you have trouble remembering which place the slope is, trying thinking about skiing or sledding; you can only sled or ski down a Mountain slope. Mountain starts with M.
M=slope.
Hope this helps :)
If you have any questions, just let me know!