The amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
<h3>What is compound and simple interest?</h3>
Simple interest is based on the principal amount of a loan or deposit. In contrast, compound interest is based on the principal amount and the interest that accumulates on it in every period.
Here we have the principle is $3000 for 4 years at the rate of interest of 5.2%. Now we will calculate the total amount by simple interest and compounded annually.
By using Simple interest:-
So the total amount will be =3000+624=$3624
By using the Compound interest formula:
The difference between the two amounts will be =3764-3624=$50
Hence amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
To know more about Compound interest Follow
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Answer:400 meters
Step-by-step explanation:
2000/5=400
Answers:
P(A) = 7/12
P(B) = 1/2
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Explanation:
To see how I calculated P(A), check out this link to this very similar question
brainly.com/question/27669586
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Now to calculate P(B)
If a number is divisible by 2, then the number is a multiple of 2.
In other words, the number is even.
Counting through the values in the table, you should find that there are 18 sums that are even (2, 4, 6, 8, 10 and 12). Refer to the dice chart below.
Here's a further breakdown
- 1 copy of "2"
- 3 copies of "4"
- 5 copies of "6"
- 5 copies of "8"
- 3 copies of "10"
- 1 copy of 12
Side note: We have nice symmetry going on.
There are 1+3+5+5+3+1 = 18 values total that are even numbers. The other half are odd numbers of course.
P(B) = 18/36 = (1*18)/(2*18) = 1/2
Answer: x = -6
Step-by-step explanation: The problem gave us the y value, so we can just substitute it into the equation and solve it.
y = x - 6
y = 2x
2x = x - 6 (substitute the y value into the equation)
1x = -6 (subtract x on each side)
x = -6 (1x is basically saying x so you do not need to divide)
<span>2/5g+3h-6 when g=10 and h=6
</span><span>2/5 (10) +3(6) - 6
</span><span>= 4 + 18 - 6
= 16
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