Over time, compound interest at any rate will outperform simple interest. When the rates are nearly equal to start with, compound interest will be greater in very short order. Here, it takes less than 1 year for compound interest to give a larger account balance.
In 30 years, the simple interest will be
... I = P·r·t = 12,000·0.07·30 = 25,200
In 30 years, the compound interest will be
... I = P·(e^(rt) -1) = 12,000·(e^(.068·30) -1) ≈ 80,287.31
_____
6.8% compounded continuously results in more total interest
Answer: For y it's y=4x−12 and for x it's x=12+y/4
Step-by-step explanation:
SOLVING FOR X
8x-2y=24
2(4x−y)=24
4x−y=24/2
4x−y=12
4x=12+y
x=12+y/4
SOLVING FOR Y
8x-2y=24
2(4x−y)=24
4x−y=24/2
4x−y=12
−y=12−4x
y=−12+4x
y=4x−12
Hope this helps, have a BLESSED AND WONDERFUL DAY! As well as a great Black History Month and Valentine's day! :-)
- Cutiepatutie ☺❀❤
Answer:
(5,225)
Step-by-step explanation:
The break even point is when the cost equals the revenue.
C=R
15x+150=45x
150=30x
x=5
Plug this back into the original equations to get the y value.
15*5+150=225
or 45*5=225
The formula is:
a = h / n.
h = a · n
If a = 0.285 and n = 400, then:
h = 0.285 · 400 = 114
Answer:
Joseph has 114 hits.
