Answer:
Bill will earn more interest
He will earn $ 20,448.67 from his investment
Step-by-step explanation:
Firstly let us calculate Jim's earnings based on simple interest
A = P(1 + rt)
Calculation:
First, converting R percent to r
a decimal
r = R/100 = 3.5%/100 = 0.035 per year.
Solving our equation:
A = 15000(1 + (0.035 × 25)) = 28125
A = $28,125.00
The total amount accrued, principal plus interest, from simple interest on a principal of $15,000.00 at a rate of 3.5% per year for 25 years is $28,125.00 for Jim
Now let's us calculate bill's investment based on compound interest
Equation
A = P(1 + r)^t
A=15000(1+0.035)^25
A=15000(1.035)^25
A=15000*2.36324498427
A = $ 35,448.67
We see that Bill will earn
$ 20,448.67 from his investment
The answer is b
hope this helps :)
Simplify the ratio 8 to 2 to be 4 to 1
Now compare 4 to 1 and 10 to 1
4 is smaller than 10 so the ratio 8 to 2 is smaller.
Y=25 because 19-2+8 equals 25 so y = 25
Answer: 15
Step-by-step explanation:
45$ = 3 Tickets
45 / 3 = 1 Ticket
1 Ticket = 15
