How much more interest is earned on an investment of $12,585 at 3.5% interest over 5 years if the interest is compounded annuall
2 answers:
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Answer:
Step-by-step explanation:
Let X be the initial price and P be the final price.
#Given a discount of 15% then 10% of that amount:
Hence, the finial price is 76.5% of the initial price.
#Given a discount of 10% then 15% of that amount:
Hence, the finial price is 76.5% of the initial price.
#Given a discount of 25%
Hence, the finial price is 75.0% of the initial price. It therefore give's the best price due to it's 25% price reduction.