Answer:
18. compound interest
19. simple interest
20. simple interest
Step-by-step explanation:
For these problems, the initial balance is irrelevant. All that matters is the multiplier of that balance. For simple interest at rate r for t years, the multiplier is ...
simple interest multiplier = (1 +rt)
For interest compounded annually, the multiplier of the initial balance is ...
compound interest multiplier = (1 +r)^t
A spreadsheet can do the computations for you.
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As an example of the computations involved, consider problem 19:
simple interest multiplier = 1 + 0.13·6 = 1.78
compound interest multiplier = 1.10^6 = 1.771561
The latter is less than the former, so the simple interest account will have the (slightly) greater balance at the end of 6 years.
Answer:
Me!!
Step-by-step explanation:
;D
Answer:
3.33% per hour
Step-by-step explanation:
Use the A=Pe^rt equation. A is the end amount, so it's 1892. P is the original amount, 1700. E is a constant, around 2.72. R is the growth constant. T is the time that passed, 3 hours. You can substitute the givens into the equation and get 1892=1700e^(3r). Divide by 1700 to isolate the e. This leaves you with 1892/1700=e^(3r). Do the natural log of each side cancel the e and bring the exponent down. This leaves you with ln(1892/1700)=3r. Divide by 3 to isolate r. ln(1892/1700) is .1. .1/3 is .03333. Multiply by 100 to get a percent. 3.33 percent is your final answer.
Answer:
5
Step-by-step explanation:
def is similar to abc so the 7.5 side is 1.5x bigger so divide 7.5 by 3 and multiply by 2
To find your answer you must add them all together :
17,689
1,614
+ 176
_________
19,479
