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
The missing numbers are 3, and 7
the pattern is +2 to each number
Answer:
-5.6
Step-by-step explanation:
first distribute the 2.5
also convert the 2/5 to decimal (0.4) because it's hard to work with both decimal and fraction
2.5y + 2.5*0.4 = -13
2.5y +1 = -13
y = -14/2.5 = -5.6
Answer:
She worked for 6 hours on Saturday.
Step-by-step explanation:
Number of hours worked by Danielle last week = 18.25 hours
She worked for three days, Monday, Wednesday and Saturday.
Let she worked on Saturday = x hours
Therefore, total hours worked by Danielle in three days = 6.5 + 5.75 + x
And the equation will be,
6.5 + 5.75 + x = 18.25
12.25 + x = 18.25
x = 18.25 - 12.25
x = 6
Therefore, she worked for 6 hours on Saturday.