300,000 dollars
20-5= 15
15 × 20,000 = 300,000
Divide the 2 ounces into the .80 which would be 0.40 per ounce for the 2 ounces chocolate and divide the 3 ounces into the .90 which would be 0.30 per ounce for the 3 ounces of chocolate
478x2= 956
956x2= 1912
I hope this is right :)
Answer:
You should choose an account with a 7% annual interest rate which is compounded quarterly
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
part 1)
we have
substitute in the formula above
part 2)
we have
substitute in the formula above