The formula to find the amount is
here A is amount
P is the principal
'r' is the rate of interest
n is the number of years.
Case 1.
Stevan invests
P =$ 20,000
r = 3% = 0.03
n = 10 years
Hence the interest earned
= A - P = 26878.33 - 20000 = $6878.33
Case 2.
Evan invests
P = $10,000
r = 7% = 0.07
n = 7 years
Hence the interest earned
= A - P = 16057.81 - 10000 = 6057.81
Difference in the interest = 6878.33 - 6057.81 = $820.52
Rounded to the nearest dollar difference in interest = $821
Answer:
Step-by-step explanation:
<h3>Given GP</h3>
<h3>To find</h3>
<h3>Solution</h3>
<u>Substitute ar in the second equation</u>
- ar⁵= 16
- 4r⁴ = 16
- r⁴ = 4
- r = √2
<u>Then finding a₄</u>
- a₄ = a₂*r² = 4*(√2)² = 4*2= 8
2 meters = 200 centimeters
7x + 15 = 38
7x = 38 - 15
7x = 23
x = 23/7 (twenty- three sevenths)