The answer to this question is 3
Answer:
Sherry's Method of depositing $200 as a principal now with an interest at 4% compound at monthly will result in more money after two years.
Step-by-step explanation:
We use the Total Amount generated using compound interest formula to solve this question
Formula =
Total Amount(A) = P(1 + r/n)^nt
a) For Harrison
Principal = $200
Interest rate = 2% = 0.02
Time = 2 years
n = compounding quarterly = 4
A = P(1 + r/n)^nt
A = $2,000(1 + 0.02/4)^2×4
A = $2,000(0.005)^8
A = $ 2081.4140878
A = $ 2,081.41
b) For Sherry
Principal = $200
Interest rate = 4% = 0.04
Time = 2 years
n = compounding monthly = 4
A = P(1 + r/n)^nt
A = $2,000(1 + 0.04/12)^2×12
A = $2166.2859184
A = $ 2,166.29
The Total Amount for
Harrison = $ 2,081.41
Sherry = $ 2,166.29
Hence, from the above calculation, Sherry's Method of depositing $200 as a principal now with an interest at 4% compound at monthly will result in more money after two years.
For the restaurant to make 20 gallons of a lemonade mixture that is 10% sugar, they need 12 gallons of the 12% lemonade and 8 gallons of the 7% lemonade. The correct answer is A.
Answer:
A. y = x+10
Step-by-step explanation:
The original test score is x
And in the next assignment it is 10 more means,
x + 10
If the new score is y then it should be equal to the above solution.
Hence, answer is <u>y</u><u> </u><u>=</u><u> </u><u>x</u><u>+</u><u>10</u><u>.</u>
