Answer:
Jose ends up with more money with $59 more than Peter.
Step-by-step explanation:
To determine the amount they will have, you have to use the formula to calculate the future value:
FV=PV(1+r)^n
FV= future value
PV= present value
r= rate of interest
n= number of periods of time
-Peter:
FV=1,000*(1+0.04)^10
FV=1,000*1.48
FV=1,480
-Jose:
FV=900*(1+0.05)^11
FV=900*1.71
FV=1,539
Difference: $1,539-$1,480=$59
According to this, the answer is that Jose ends up with more money with $59 more than Peter.
5.58*10^7
Recall that 10^a*10^b = 10^(a+b). Thus, 10^5*10^2 = 10^7.
Thus, (1.8 x 10^5)(3.1 x 10^2) = (1.8)(3.1)*10^7 = 5.58*10^7
Answer: (c) x = -4
17
Work backwards from your instructions
36/9 = 4
4 + 13 = 17
