Answer: Ben will have the most interest.
Step-by-step explanation:
Ali after 3 years.
To use compound interest, the formula is:
= Investment * ( 1 + rate) ^ no. of periods
= 2,000 * ( 1 + 2.5%)³
= £2,153.78
Interest = Amount after 3 years - investment
= 2,153.78 - 2,000
= £153.78
Ben after 3 years.
= 1,600 * (1 + 3.5%)³
= £1,773.95
Interest = 1,773.93 - 1,600
= £173.93
Answer:
-True-
Explanation:
the left side
60
is equal to the right side
60
, which means that the given statement is always true.
Answer:
Original price: $
55
Discount percentage: 25
%
Discount: $13.75
Final Price: $41.25
I am guessing that the correct form of equation
is:
f(x)
= 16,800(0.9)^x
where
x is the exponent of (0.9)
Since
we are looking for the original population and x stand sfor the number of years,
therefore x=0
substituting:
f(x) = 16,800(0.9)^0
Since (0.9)^0 would just be equal to 1. Therefore
the original population is
16,800.
Answer: B. 16,800