24 (you new amount) - 11 (new cards) = 13 cards to begin with
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
Given:
2 walls - 14ft by 9ft
2 walls - 20ft by 9ft
Wall 1 & 2 = 14ft * 9ft = 126 ft² x 2 = 252 ft²
Wall 3 & 4 = 20ft * 9ft = 180 ft² x 2 = 360 ft²
Total area = 252 ft² + 360 ft² = 612 ft²
Cost of 1 single roll: $20
612 ft² ÷ 18 ft² = 34 rolls * $20 = $680
Cost of double roll: $40
612 ft² ÷ 54 ft² = 11.33 rolls ⇒ 12 double rolls
12 * $40 = $480
If Christopher opts for 1 single roll of wallpaper, he'll spend $680.
If he opts for double roll of wallpaper, he'll spend $480.
Double roll of wallpaper is the cheaper option. He'll save $200 if he'll buy the double roll of wallpaper.
$6.24. This is because 1.44 / 6 = 0.24, and 0.24 x 26 = 6.24.
