Answer:
A. $2.26
Step-by-step explanation:
An equation for Harper's balance can be written similar to the one written for Raymond's balance. It will be ...
H(t) = 110(1.035)^t
For t = 2, the two balances will be ...
H(2) = 110(1.035^2) = 117.83
R(2) = 110(1.025^2) = 115.57
The difference is ...
$117.83 -115.57 = $2.26
Harper's account will have $2.26 more.
_____
As a quick estimate or sanity check, you can see that Harper's interest rate is 1% more than Raymond's. So, in 2 years, he will earn a little more than 2% more on his investment than Raymond earns. 2% of $110 is $2.20, so the difference can be expected to be slightly more than this.
Answer:
(x,y) + (x-4, y)
Step-by-step explanation:
horizontally means it would be on the x axis traveling to the left would be your subtracting there fore the only answer which comes with a x-4 is (x,y) + (x-4, y)
The point is to find the growth rate. The compound formula is:
P=A(1+ growth rate)ⁿ, where A is the initial Value & P the new value after n years:
P₂₀₀₃ =P₂₀₀₂ (1+ growth rate)¹ (the period "n" from 2002 to 2003 being 1 year)
38400 = 32000(1+growth rate)¹
38400 / 32000 - 1= growth rate & growth rate = 1/5 = 0.2
You will balso find the same growth rate for:
P₂₀₀₄ = P₂₀₀₃(1+ growth rate)¹
P₂₀₀₅ = P₂₀₀₄((1+ growth rate)¹
between 2015 & 2002 THERE ARE 14 YEARS:
P₂₀₁₅ = P₂₀₀₂(1+0.2)¹⁴ & P₂₀₁₅ = 32000(1+02)¹⁴ = 410,854
Answer:
A. False
B.False
C.True
D.True
I'm not completely sure but that's what I got.
