1.7a + 0.3a = 0.8;
(1.7 + 0.3)a = 0.8;
2 x a = 0.8;
a = 0.8 ÷2;
a = 0.4;
the more years the money stays invested, the more interest it earns, so clearly, if the compounding cycle is the same for both options, and the rate of 7% is the same as well for both, then the one with more years will give more interest..
so depends on what "best" means in this context, but if it's more interest earned, 3 years gives more interest than 2 years of course.
Answer: 2 7 0
Step-by-step explanation:
1. We assume, that the number 900 is 100% - because it's the output value of the task.
2. We assume, that x is the value we are looking for.
3. If 900 is 100%, so we can write it down as 900=100%.
4. We know, that x is 30% of the output value, so we can write it down as x=30%.
5. Now we have two simple equations:
1) 900=100%
2) x=30%
where left sides of both of them have the same units, and both right sides have the same units, so we can do something like that:
900/x=100%/30%
6. Now we just have to solve the simple equation, and we will get the solution we are looking for.
7. Solution for what is 30% of 900
900/x=100/30
(900/x)*x=(100/30)*x - we multiply both sides of the equation by x
900=3.33333333333*x - we divide both sides of the equation by (3.33333333333) to get x
900/3.33333333333=x
270=x
x=270
now we have:
30% of 900=270
Answer:
$1,479.45
l= $50.000*0.06(6%=0.06)*(180/365)
I=3000*0.4931
I=1,479.45
Step-by-step explanation:
