Answer:
Bill will earn more interest
He will earn $ 20,448.67 from his investment
Step-by-step explanation:
Firstly let us calculate Jim's earnings based on simple interest
A = P(1 + rt)
Calculation:
First, converting R percent to r
a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
Solving our equation:
A = 15000(1 + (0.035 × 25)) = 28125
A = $28,125.00
The total amount accrued, principal plus interest, from simple interest on a principal of $15,000.00 at a rate of 3.5% per year for 25 years is $28,125.00 for Jim
Now let's us calculate bill's investment based on compound interest
Equation
A = P(1 + r)^t
A=15000(1+0.035)^25
A=15000(1.035)^25
A=15000*2.36324498427
A = $ 35,448.67
We see that Bill will earn
$ 20,448.67 from his investment
Answer:
$150
Step-by-step explanation:
First use a proportion to find the answer:
40/100=60/x
Now we solve for x
60*100=6,000
6,000 divided by 40= 150
x=150
Therefore the answer is $150
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<h2>Area of a square = side × side</h2>
Let the side = x
<h3>Length of each side = <u>8</u><u> </u><u>units</u></h3>
.... Hope this will help....
Cost = number of objects x price per object
$1,475 = x boxes * $25
x = 1,475/25 = 59 boxes of diapers
