Answer:
Principal = $1,000
Rate of interest = 14% = 0.14
Time = 3 years
A = Amount or future value
P = Principal
r = rate of interest in decimals
t = time
Substitute the values in the formula
Future Value is $1481.544
Compound interest = Amount - Principal = $1481.544- $1000 = $481.544
Formula of simple interest : 
Substitute the values :
So, Simple interest = $420
Compound interest - Simple interest
= $481.544- $420
= $61.544
So, Compound Interest is $61.544 more than simple interest.
Answer:
9 burritos
Step-by-step explanation:
We can use ratios to solve
8 cups 12 cups
---------- = -----------------
6 burritos x burritos
Using cross products
8x = 6*12
8x = 72
Divide by 8
8x/8 =72/8
x = 9
9 burritos
Answer:
Step-by-step explanation:
7.5
You did not include the questions, but I will give you two questions related with this same statement, and so you will learn how to work with it.
Also, you made a little (but important) typo.
The right equation for the annual income is: I = - 425x^2 + 45500 - 650000
1) Determine <span>the youngest age for which the average income of
a lawyer is $450,000
=> I = 450,000 = - 425x^2 + 45,500x - 650,000
=> 425x^2 - 45,000x + 650,000 + 450,000 = 0
=> 425x^2 - 45,000x + 1,100,000 = 0
You can use the quatratic equation to solve that equation:
x = [ 45,000 +/- √ { (45,000)^2 - 4(425)(1,100,000)} ] / (2*425)
x = 38.29 and x = 67.59
So, the youngest age is 38.29 years
2) Other question is what is the maximum average annual income a layer</span> can earn.
That means you have to find the maximum for the function - 425x^2 + 45500x - 650000
As you are in college you can use derivatives to find maxima or minima.
+> - 425*2 x + 45500 = 0
=> x = 45500 / 900 = 50.55
=> I = - 425 (50.55)^2 + 45500(50.55) - 650000 = 564,021. <--- maximum average annual income
