Answer:
$28.12
Step-by-step explanation:
$9.19 x 40 = $367.60 x 7.65% = $28.12
Answer:
Bill will earn more interest
He will earn $ 20,448.67 from his investment
Step-by-step explanation:
Firstly let us calculate Jim's earnings based on simple interest
A = P(1 + rt)
Calculation:
First, converting R percent to r
a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
Solving our equation:
A = 15000(1 + (0.035 × 25)) = 28125
A = $28,125.00
The total amount accrued, principal plus interest, from simple interest on a principal of $15,000.00 at a rate of 3.5% per year for 25 years is $28,125.00 for Jim
Now let's us calculate bill's investment based on compound interest
Equation
A = P(1 + r)^t
A=15000(1+0.035)^25
A=15000(1.035)^25
A=15000*2.36324498427
A = $ 35,448.67
We see that Bill will earn
$ 20,448.67 from his investment
Answer:
A
Step-by-step explanation:
We can find a common denominator for all of these fractions, compute, and then compare the values to find the right answer.
Answer: Infinite
Step-by-step explanation:
The answer is 49.9 because he thought of a number and added 9.5 and the result was 59.4 then you should do 59.4-9.5 and the answer is 49.9
