Over time, compound interest at any rate will outperform simple interest. When the rates are nearly equal to start with, compound interest will be greater in very short order. Here, it takes less than 1 year for compound interest to give a larger account balance.
In 30 years, the simple interest will be
... I = P·r·t = 12,000·0.07·30 = 25,200
In 30 years, the compound interest will be
... I = P·(e^(rt) -1) = 12,000·(e^(.068·30) -1) ≈ 80,287.31
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6.8% compounded continuously results in more total interest
Answer:
#1.---60% #2.---$12.60 per hour
Step-by-step explanation:
#1. Since It was originally $50 you have 50% already, so what I did was I multiplied 50 by 2. this got me 100 which is a simpler way to calculate by. 50 to 80 dollars is a $30 change, so multiply that by 2 and you get 60. 60 will be your percent of change. You can double check this by multiplying 50 by .60, the answer will be 30 and 50+30=80
#2 Since Tyler starts off with $12 per hour with a 5% increase you will need to multiply 12*.05 this will get you the answer of 0.6 you then need to add $12, since that was his original payment. 12+0.6=12.60, so his final payment would by $12.60 per hour
Answer:
Step-by-step explanation:
Passed Percentage= (9/20) * 100 = 9 * 5 = 45%
3x + 4 = 2x + 2
3x - 2x = 2 - 4
x = -2
one solution
Answer:
<u>David will have the most cookies and he will have two cookies more than Jake</u>
Step-by-step explanation:
1. Let's calculate how many cookies will David cut with his cutter, this way:
Number of cookies = Rolls of cookie dough/Size of the segment
Replacing with the values we know:
Number of cookies = 2/(1/8)
Number of cookies = 16
2. Let's calculate how many cookies will Jake cut with his cutter, this way:
Number of cookies = Rolls of cookie dough/Size of the segment
Replacing with the values we know:
Number of cookies = 2/(1/7)
Number of cookies = 14
<u>David will have the most cookies and he will have two cookies more than Jake</u>
