About 151. That seems pretty close. If it is incorrect, sorry.
Answer:
$875.18
Step-by-step explanation:
Given data
Lydia
P=$5900
Interest rate=2 5/8% >>21/8= 2.625%
compounded monthly.
First, convert R percent to r a decimal
r = R/100
r = 2.625%/100
r = 0.02625 per year,
Then, solve our equation for A
A = P(1 + r/n)^nt
A = 5,900.00(1 + 0.0021875/12)^(12)(19)
A = $ 9,710.01
Jace
P=$5900
Interest rate= 2 1/8% >>> 17/8>> 2.125%
Time= 19 years
First, convert R percent to r a decimal
r = R/100
r = 2.125%/100
r = 0.02125 per year,
Then, solve our equation for A
A = Pert
A = 5,900.00(2.71828)^(0.02125)(19)
A = $ 8,834.83
Hence the difference in their account balance is
= 9,710.01- 8,834.83
=$875.18
Therefore Lydia has $875.18 more money than Jace
Remember that the slope intercept formula is:
y = mx + b
m is the slope
b is the y-intercept
so...
m = 0
b = -2
^^^Plug these numbers into formula
y = 0*x - 2
y = 0 - 2
y = -2
Hope this helped!
~Just a girl in love with Shawn Mendes
X has to be less than 2 which means the only answer is 1
