They are both behind the decimal, they are both a decimal, they can both be turned into a fraction, and they both have a six
The answer would be 28 because....
First, you would multiply 80 and .65 (changed the percentage to decimal) which is 52
Then, subtract 80 and 52 to get 28
Answer:
$875.18
Step-by-step explanation:
Given data
Lydia
P=$5900
Interest rate=2 5/8% >>21/8= 2.625%
compounded monthly.
First, convert R percent to r a decimal
r = R/100
r = 2.625%/100
r = 0.02625 per year,
Then, solve our equation for A
A = P(1 + r/n)^nt
A = 5,900.00(1 + 0.0021875/12)^(12)(19)
A = $ 9,710.01
Jace
P=$5900
Interest rate= 2 1/8% >>> 17/8>> 2.125%
Time= 19 years
First, convert R percent to r a decimal
r = R/100
r = 2.125%/100
r = 0.02125 per year,
Then, solve our equation for A
A = Pert
A = 5,900.00(2.71828)^(0.02125)(19)
A = $ 8,834.83
Hence the difference in their account balance is
= 9,710.01- 8,834.83
=$875.18
Therefore Lydia has $875.18 more money than Jace
