Answer:
she is wrong, offer 2 results in lower interests
Step-by-step explanation:
total amount paid if offer 1 is accepted:
$6,000 x (1 + 3%)² = $6,000 x 1.0609 = $6,365.40
she will pay $365.40 in interests
total amount paid if offer 2 is accepted:
($6,000 x 1.01) x 1.05 = $6,060 x 1.05 = $6,363
she will pay $363 in interests
Compounding interest refers to interest that earns more interest itself, e.g. in the first offer, the $180 of interests charged for the first year will earn $5.40 in extra interests. While offer 2 only charges $60 in interests during the first year which will in turn earn $3 of interests. The difference between both offers is that interest charges in offer 1 earn more interests than the interest in offer 2 = $5.40 - $3 = $2.40
Answer:
<em>-1,3,5,9,13</em>
Step-by-step explanation:
2(-3)+5=-6+5=-1
2(-1)+5=-2+5=3
2(0)+5=0+5=5
2(2)+5=4+5=9
2(4)+5=8+5=13
The equation is y=2.5x.
Let the y axes increase by 2.5 and the x axes by ones
Step-by-step explanation:
multiplication is the mathematical operation used with scale factor
Let us always base on the present age. We denote this by x. Now, the age he had 2 years ago would then be denoted as (x-2). Let's equate this to 20 years old.
x - 2 = 20
x = 20 + 2
x = 22 years old
He should be 22 years old now.
Let's check the other condition. After 1 year, his age should be (x+1). Let's equate this to 23 years old.
x + 1 = 23
x = 23 - 1
x = 22
Thus, this is possible if Reuben is 22 years old as of the present.
