Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Answer:
y = 13 - 4x
Why?
4y +y = 13
Subtract 4x from both sides
4x+y-4x = 13 - 4x
Simplify
Y= 13 - 4x
Have a good day
Answer:
A.1 Exercise
2. Reduce the intake of salt
3. Reduce intake of fatty foods
4. Eating well balance diet
B.1. Regular exercise
2. Avoid smoking
3. Avoid excessive intake of alcohol
4. Reduce intake of cholesterol
Answer:
9 x 8 = 72
This equation shows that 9 is a factor of 72 because 9 times something is 72 in this equation. Hope it helps!
ANSWER
Paul and Matt will take

to install the floor working together.
EXPLANATION
First, calculate Paul's rate, which is

Next, calculate Matt's rate, which is,

Let us assume that, Paul and Matt took

to do the work together.
Then, the rate of working together is,

Now, add the individual rates and equate to the rate of working together to form an equation that will help us solve for x.

Simplify the left hand side


We reciprocate both sides to get (You could have also done cross multiplication).
