Solve -3y + 14 + y = 12
2 answers:
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Answer:
18. compound interest
19. simple interest
20. simple interest
Step-by-step explanation:
For these problems, the initial balance is irrelevant. All that matters is the multiplier of that balance. For simple interest at rate r for t years, the multiplier is ...
simple interest multiplier = (1 +rt)
For interest compounded annually, the multiplier of the initial balance is ...
compound interest multiplier = (1 +r)^t
A spreadsheet can do the computations for you.
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As an example of the computations involved, consider problem 19:
simple interest multiplier = 1 + 0.13·6 = 1.78
compound interest multiplier = 1.10^6 = 1.771561
The latter is less than the former, so the simple interest account will have the (slightly) greater balance at the end of 6 years.
"0.32 with a line above it" could refer to two possible numbers, either 
or 
.
In either case, 0.32 will be the smaller of the two numbers simply because it terminates with two digits after the decimal point, while the others keep going, basically adding a small positive number to 0.32.
In either case, 0.32 will be the smaller of the two numbers simply because it terminates with two digits after the decimal point, while the others keep going, basically adding a small positive number to 0.32.