Based on the types of compounding and the interest rates, the following are true:
- Part A - The group will have $750
- Part B - The group will have $759.19
When using simple interest, the amount the group will have is:
<em>= Amount x ( 1 + rate x number of years )</em>
= 600 x ( 1 + 5% x 5)
= $750
When using compound interest, the group will have:
<em>= Amount x ( 1 + rate) ^ Number of years</em>
= 600 x ( 1 + 4%)⁶
= $759.19
In conclusion, compound interest yields more.
<em>Find out more about </em><em>compound interest </em><em>at brainly.com/question/25263325. </em>
Answer:
a. A minimum of 300
Step-by-step explanation:
If her bill is $142 then it is a sum of the flat rate plus the money she pays for all the smses she sent. As an equation, it can be expressed this way
106 + 0.12x = 142 where x is the number of smses
0.12x = 36
x = 300 smses
So if we were told that she pays $142 per month, we'd know that she sends 300 smses. But we are told she pays AT LEAST $142 so there is a possibility that she sends even more than 300 smses
Answer:
t=63
Step-by-step explanation:
2t = 126
t=63
Answer:
the answer is <u>424</u>
Step-by-step explanation:
you need to use long divison to find the number <3
