Answer:
18. compound interest
19. simple interest
20. simple interest
Step-by-step explanation:
For these problems, the initial balance is irrelevant. All that matters is the multiplier of that balance. For simple interest at rate r for t years, the multiplier is ...
simple interest multiplier = (1 +rt)
For interest compounded annually, the multiplier of the initial balance is ...
compound interest multiplier = (1 +r)^t
A spreadsheet can do the computations for you.
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As an example of the computations involved, consider problem 19:
simple interest multiplier = 1 + 0.13·6 = 1.78
compound interest multiplier = 1.10^6 = 1.771561
The latter is less than the former, so the simple interest account will have the (slightly) greater balance at the end of 6 years.
Answer:
a.
Step-by-step explanation:
Answer:
about 11 years
Step-by-step explanation:
Answer:
7.069 ft²
Step-by-step explanation:
Given that:
Shape of rug = circular
Diameter of rug = 3 feets
The Area in square feet of the rug =?
Area of a circle :
πr²
r = Radius
r = diameter / 2 = 3 /2 = 1.5 feets
Area = π * 1.5^2
Area = 7.0685834
Area = 7.069 ft²
Answer:
0
Step-by-step explanation:
The points on a number line are called coordinates. The zero point is called the origin. The numbers to the right of the origin are positive numbers; the numbers to the left of the origin are negative numbers.