Answer:
54
Step-by-step explanation:
Answer:
25%
Step-by-step explanation:
Answer:
The solution of the system is the ordered pair (-13,-4)
Step-by-step explanation:
we have
-----> equation A
----> equation B
Solve the system by elimination
Multiply by 2 both sides equation B
----> equation C
Adds equation A and equation C
<em>Find the value of a</em>
substitute the value of b in any equation (i take equation B)
therefore
The solution of the system is the ordered pair (-13,-4)
Answer:
Amount she would have in 2 years at a simple interest of is
$5000 + ($5000 x 0.048 x 2) = $5480
Amount she would have in 2 years at a 4.1 % / year compounded semi- annually is :
$5000 x ( 1 +0.041/2)^4 = $5422.78
the first option yields a higher value in two years when compared with the second option. Thus, the first option is the best one to choose
Step-by-step explanation:
Future value with simple interest = principal + interest
Interest = principal x interest rate x time
0.048 x 5000 x 2 = 480
future value = $480 + 5000 = $5480
The formula for calculating future value with compounding:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
5000 x ( 1 + 0.041 / 2)^(2 x 2) = $5422.78
Answer: 205000
Step-by-step explanation:
