Solution:
we are given that
Kailey's parents are planning to open a savings account for her future college expenses. To help their money grow faster.
Since they want the money to grow faster and money can grow faster only if the bank pays higher interest on the savings.
Hence
Kailey's parents should choose a bank that has a high interest rate.
Hence the correct option is (B)
Answer:
Step-bAmount at the end of 2 years = Rs. 21,160
Amount at the end of first year = Rs. 18,400
So interest for first year = Rs. 2400
Interest for second year = Rs. 2760
Explanation:
A = P (1 + r/n)^nt
P = 16,000
A = ?
r = 15% = 15/100
n= 1
t = 2
Substituting the values in the formula, we get:
A = 16000 (1 + 15 / 100) ^2
A = 16000 (23 / 20) ^2
A = 16000 * 23 * 23 / 400
A = 40 * 23 * 23
A = 21160
Amount at the end of 2 years = Rs. 21,160
Amount at the end of first year = Rs. 18,400
So interest for first year = Rs. 2400
Interest for second year = Rs. 2760
hope helpful
Answer:
Y = 3
Step-by-step explanation:
You'll have to do two multiplications:
16.75 x 10 = 167.5 cost for 10 sardine cans.
21.50 x 10 = 215 cost for 10 pork and beans cans.
0.90 is the correct answer or B