Amount using compound interest = 2400(1 + 0.034)^5 = 2400(1.034)^5 = 2400(1.1820) = $2,836.70
Amount using simple interest = 2400(1 + 5 x 0.034) = 2400(1 + 0.17) = 2400(1.17) = $2,808
Difference = $2,836.70 - $2,808 = $28.70
Therefore, <span>he will earn $28.70 more interest in 5 years if the interest were compounded annually</span> .
<span>3t + 2 = 5(t – 2) – 2t + 8
Start by distributing...
3t + 2 = 5t - 10 - 2t + 8
Combine like terms....
3t + 2 = 3t - 2
Subtract 3t from both sides
2 = -2
Since 2 is NOT equal to -2 there is no solution for this equation</span>
I hope this picture helps you answer your question
Answer:
A tax of 7.5 percent was added to the product to make it equal to 8.6. So, divide 7.5 by 100 to get 0.075. Divide the final amount by the value above to find the original amount before the tax was added. In this example: 8.6 / 1.075 = 8.
Step-by-step explanation:
Not sure if this will help but yea and this from google
Answer:
C
Step-by-step explanation:
