Answer:
$359.42
Step-by-step explanation:
The difference in the investment values can be computed by making use of the formulas for the account balance in each case.
compound interest: A = P(1 +r)^t . . . . interest at rate r compounded annually
simple interst: A = P(1 +rt) . . . . simple interest at rate r
__
The account earning simple interest will have a balance of ...
A = $8000(1 +0.12×3) = $10,880
The account earning compound interest will have a balance of ...
A = $8000(1 +0.12)^3 ≈ $11,239.42
The difference between the two investments is ...
$11,239.42 -10,880 = $359.42
Answer:
20
Step-by-step explanation:
h + k
h = 6 and k = 14
6+14
20
9514 1404 393
Answer:
65
Step-by-step explanation:
The problem statement tells you ...
1.20x = 78
Dividing by the coefficient of x gives its value:
x = 78/1.20
x = 65
Namely, how much is 2 and 1/2 of 2 and 3/8 then, well is just their product, let's first convert them both from mixed to "improper" and proceed.
