Answer:
Bill will earn more interest
He will earn $ 20,448.67 from his investment
Step-by-step explanation:
Firstly let us calculate Jim's earnings based on simple interest
A = P(1 + rt)
Calculation:
First, converting R percent to r
a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
Solving our equation:
A = 15000(1 + (0.035 × 25)) = 28125
A = $28,125.00
The total amount accrued, principal plus interest, from simple interest on a principal of $15,000.00 at a rate of 3.5% per year for 25 years is $28,125.00 for Jim
Now let's us calculate bill's investment based on compound interest
Equation
A = P(1 + r)^t
A=15000(1+0.035)^25
A=15000(1.035)^25
A=15000*2.36324498427
A = $ 35,448.67
We see that Bill will earn
$ 20,448.67 from his investment
The answer would be 16 3/4 divided by 3 7/8
Answer:
40%
Step-by-step explanation:
1299-725= 574
574/1299 x 100 = 44.19%
For example, for LCM (12,30) we find:
Using the set of prime numbers from each set with the highest exponent value we take 22 * 31 * 51 = 60. Therefore LCM (12,30) = 60.
Answer:
x = 9
Step-by-step explanation:
Step 1: Write equation
x + 8 = 17
Step 2: Solve for <em>x</em>
- Subtract 8 on both sides: x = 9
Step 3: Check
<em>Plug in x to verify it's a solution.</em>
9 + 8 = 17
17 = 17