Answer:
First account (simple interest)
Step-by-step explanation:
The amount of interest earned by the first account is ...
I = Prt = $2000·0.04·7 = $2000·0.28 = $560
The amount in the second account at the end of 7 year is ...
FV = P·(1+r)^t = $2000·1.02^7 = $2297.37
so you have earned $297.37 in interest on the second account.
$560 is more than $297, so the First Account (simple interest) earns more money.
Answer: 0.14
Step-by-step explanation:
You had to convert the decimals into percentages move the decimal point two places to the left which makes 14% the answer
In this case, the total number of questions in the test is 50. The possible outcome for the question would be answered wrong, answered correctly or not answered. To know the amount of the correct answer, you need to multiply the incorrect with correct/incorrect ratio. The equation would be:
correct answer: 9 answer * 7/3= 21 answer.
Then for this test misty has:
9 incorrect answer
21 correct answer
20 blank/ not answered
