Answer:
Bill will earn more interest
He will earn $ 20,448.67 from his investment
Step-by-step explanation:
Firstly let us calculate Jim's earnings based on simple interest
A = P(1 + rt)
Calculation:
First, converting R percent to r
a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
Solving our equation:
A = 15000(1 + (0.035 × 25)) = 28125
A = $28,125.00
The total amount accrued, principal plus interest, from simple interest on a principal of $15,000.00 at a rate of 3.5% per year for 25 years is $28,125.00 for Jim
Now let's us calculate bill's investment based on compound interest
Equation
A = P(1 + r)^t
A=15000(1+0.035)^25
A=15000(1.035)^25
A=15000*2.36324498427
A = $ 35,448.67
We see that Bill will earn
$ 20,448.67 from his investment
Answer:
1.18
Step-by-step explanation:
What divided by 8 and are there answer choices
Answer:
<u><em>67</em></u>
Step-by-step explanation:
<u><em>50-40+87-30</em></u>
=50+(- 40)+87(-30)
=50+87+(-40)+(-30)
=(50+87+(-40)+(-30)
=137+(-70)
=67
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<u><em>when he wins, we add points. When he loses ,we subtract points.The score is 50 points. We right an expression to find the final score </em></u>
0.0044 as a percentage0.44%
