Find at least common denominator of 5/6 and 7/9
1 answer:
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Using compound interest and continuous compounding, it is found that Lincoln would have $15,856 more in his account than Eli.
<h3>What is compound interest?</h3>The amount of money earned, in compound interest, after t years, is given by:
In which:
- A(t) is the amount of money after t years.
- P is the principal(the initial sum of money).
- r is the interest rate(as a decimal value).
- n is the number of times that interest is compounded per year.
Hence, for Lincoln, we have that the parameters are as follows:
P = 49000, r = 0.06125, n = 365, t = 20.
Hence the amount will be of:
The amount is given by:
For Eli, we have that r = 0.05625, hence the amount will be given by:
It is given by:
Lincoln would have $15,856 more in his account than Eli.
More can be learned about compound interest at brainly.com/question/25781328
In order to solve this exercise you need to remember the following symbols in Inequalities:
1. The meaning of this symbol is "Greater than":
2. The meaning of this one is "Less than":
3. The following symbol means "Less than or equal to":
4. And this one means "Greater than or equal to":
Knowing the above, you can determine that the statement "c is less than 6", can be written as the following inequality:
The answer is: