Assuming he had not dealt with the bank offering plan B before, he has nothing deposited two years back. Hence plan B only gives him only 0.2% annual interest for his deposit.
Plan A gives 0.25% for his deposit all the time.
So plan A is more advantageous.
For durations,
To reach $1,000,000 from $100,000, the money needs to grow 10 fold, or
(1+i)^n=10
n=log(10)/log(1+i).
So for plan A:
n=log(10)/log(1.0025)=922.18 years, while for
plan B
n=log(10)/log(1.0020)=1152.44 years.
Hope the bank(s) still exist at that time.
Answer:
The missing angle is a hundred degrees
Step-by-step explanation:
Vertically opp angles are equal
7%=0.7 14.5×.07=1.01500. 1.01500 1.02. 14.50+1.02=$15.52.
Answer:
0.25
Step-by-step explanation:
outcomes painted in blue: {3, 4, 5, 6}
number of even outcomes painted in blue: 2
number of total outcomes: 8
Therefore, the probability that the roll will show an even number and a face that is painted blue is: 2/8 = 0.25