Answer:
First account (simple interest)
Step-by-step explanation:
The amount of interest earned by the first account is ...
I = Prt = $2000·0.04·7 = $2000·0.28 = $560
The amount in the second account at the end of 7 year is ...
FV = P·(1+r)^t = $2000·1.02^7 = $2297.37
so you have earned $297.37 in interest on the second account.
$560 is more than $297, so the First Account (simple interest) earns more money.
Answer:
Step-by-step explanation:
Answer:
J+2J=12 so 3J=12 so J=4
Step-by-step explanation:
Use J to represent Jake's miles.
We know that Gloria's miles (G) is twice J, so G=2J
We also know that Jake and Gloria together ran 12 miles.
So we know, J+2J=12 or 3J=12 meaning J=4
So Jake runs 4 miles, and since Gloria is two times that she ran 8 miles.
