When 1 is divided into 8 pieces, each piece is 1/8 of the whole.
1) The accumulated amount after six years and the total interest that Trevor will receive if the interest rate is 4.5% per annum simple interest after 6 years are <u>R25,400</u> and <u>R5,400</u> respectively.
2) The accumulated amount after six years and the total interest that Trevor will receive if the interest rate is 4.5% per annum compound interest after 6 years are<u> R26,045.20</u> and <u>R6,045.20</u> respectively.
<h3>Data and Calculations:</h3><h3>Simple Interest:</h3>
Principal = R20,000
Investment period = 6 years
Interest rate = 4.5%
Simple interest for 6 years = R5,400 ($20,000 x 6 x 4.5%)
Principal + Interest = R25,400 (R20,000 + R5,400)
<h3>Compound Interest:</h3>
Principal = R20,000
Investment period = 6 years
Interest rate = 4.5%
N (# of periods) = 6 years
I/Y (Interest per year) = 4.5%
PV (Present Value) = R20,000
PMT (Periodic Payment) = R0
<u>Results</u>:
FV = R26,045.20
Total Interest = R6,045.2
Learn more about simple and compound interests at brainly.com/question/3575751
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Answer:
plan 1: y=3x+50
plan 2: y=10x
Step-by-step explanation:
for plan 1, since she would have to pay $3 per visit and x is the visits per month, than you would calculate the total cost per visits by 3x. and since there is a starting fee of $50, the total goes up from 50 and never below, therefore 50 is the y-intercept
plan 2, its the same thing as plan 1 but instead of $3 per visit it is $10 and there is no starting fee, so no y-intercept
What quotients did they get because the answer is 40
