Answer:
Connor would have $83.37 more than Henry.
Step-by-step explanation:
Connor:
Initial investment= $8,000
Interest rate= 8.2% = 0.082/12= 0.00683
Number of periods= 12*5= 60 months
Henry:
Initial investment= $8,000
Interest rate= 8% = 0.08/365= 0.00022
Number of periods= 365*5= 1,825 days
<u>To calculate the future value, we need to use the following formula on each investment:</u>
FV= PV*(1+i)^n
Connor:
FV= 8,000*(1.00683^60)
FV= $12,035.35
Henry:
FV= 8,000*(1.00022^1,825)
FV= $11,951.98
Difference= 12,035.35 - 11,951.98= $83.37
Connor would have $83.37 more than Henry.
Answer:
2x=8
x=4
Step-by-step explanation:
Answer:
The amount of money, to the nearest cent, in the account after 3 years will be $ 7028.56
Step-by-step explanation:
The amount is given by
Given P = $6520
r = 2.5%
t = 3 years
Substituting the given values, we get -
The amount of money, to the nearest cent, in the account after 3 years will be $ 7028.56
U put 35 on the side to make 5 like that’s. The opposite
Answer:
150 m at 10 m/s
350 m at 50 m/s
Step-by-step explanation:
x + y = 500
x/10 + y/50 = 22
~~~~~~~~~~~~~~~~~
x + y = 500
5x + y = 1100
~~~~~~~~~~~~~~~~
x + y = 500
-5x - y = -1100
-4x = -600
x = 150
y = 350
