Answer:
Bank West
$242.82
Step-by-step explanation:
To find which bank will yield more interest for Emilio, we can solve for the interest of each bank by using the Compound interest formula:
For the Bank West we have:
n = 4 Quarterly
t = 6 years
r = 3.8% or 0.038
P = 15820
Let's substitute them in the formula.
Now let's solve for the Interest. We subtract our total amount to the principal amount.
Interest = 19849.89 - 15820
Interest = 4029.89
Now let's solve for the First Bank.
n = 12 Monthly
t = 5 years
r = 4.3% or 0.043
P = 15820
Let's substitute them in the formula.
Now for the interest:
Interest = 19607.07 - 15820
Interest = 3787.07
This gives us:
Bank West Interest = $4029.89
First Bank Interest = $3787.07
So Bank West will earn more interest than First Bank.
To find how much more interest we subtract the interest of Bank West to First Bank.
4029.89 - 3787.07 = $242.82
The answer is 7 hope this helps
Using proportions, it is found that Jade's total yearly income was of $50,600.
<h3>What is a proportion?</h3>
A proportion is a fraction of a total amount.
In this problem, Jade's income is composed by:
- Fixed annual salary of $18,000.
- Car allowance of $50 per week, for 52 weeks.
- 2.5% on commissions of $1,200,000.
Hence:
Jade's total yearly income was of $50,600.
More can be learned about proportions at brainly.com/question/24372153
The answer would be -2.89
To solve this function, the x is replaced with the new value (-4) This means that once simplified it turns into 3^(-2) - 3
Once simplified this value equals -2.89 when rounded