Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Answer:

When squaring a fraction, square both numerator AND denominator
Answer:
21 pieces of chickens.
Step-by-step explanation:
Given:
The farmer has a total of 40 animals. ( cows and chicken )
He counts the legs of all his animals and realizes he has a total of 118 legs.
Question asked:
How many chickens does the farmer have ?
Solution:
Let number of chickens = 
Then number of cows = 
Now, as here given that total number of legs are 118 of all the animals, and as we know that a chicken has two legs and cow has four legs, hence the equation will be :
<u>Total number of legs = Number of legs having chickens + Number of legs having cows</u>


Subtracting both sides by 160

By adding both sides by minus

By dividing both sides by 2

Hence, farmer have 21 pieces of chickens.
Answer:
Inequality: 3 + 1.2c
What you'd put on graph: 1 ≥ 13.50