Answer:
$279.25
Step-by-step explanation:
Multiply 6.50x43
Multiply 0.5x6.50
Add 43-40
Multiply 3.250x3
Solution
The difference is 6 because it is what we get when we subtract 8 and 2.
Final answer: 6
Answer:
12
Step-by-step explanation:
Answer:
24 per day
Step-by-step explanation:
'x' = days, so since 24 is with x, the rate of change is 24
Answer:
The better deal would be simple interest rate of 3.2%
Step-by-step explanation:
In order to calculate which bank would be the better deal If Parker decides to deposit $7,000 for 25 years, we would have to make the following calculation:
A. simple interest rate of 3.2%.
Therefore, FV= P*r*t
=$7,000*3.2%*25
=$5,600.
B. compound interest rate of 3%
Therefore, FV=PV(1+r)∧n
FV=$7,000(1+0.03)∧25
FV=$14,656
The better deal would be simple interest rate of 3.2%