Answer:
I would rather do the second option of which uses Compound interest that will give a profit of $47.85
Step-by-step explanation:
In this problem we will be exploring the two formulas
1. simple interest
A= P(1+r*t)
2. compound interest
A= P(1+r/n)^nt
Where A= final amount
P= initial amount
r= rate
t= time.
n= number of periods Compounded
1.given data
P= $600
r= 3%= 3/100= 0.03
t= 2 years
A= 600(1+0.03*2)
A= 600(1+0.06)
A= 600(1.06)
A= $636
Interest = 636-600= $36
2. Given data
P= $600
r= 4%= 4/100= 0.04
n= 24
t= 2
A= 600(1+0.04/24)^24*2
A=600(1+0.0016)^48
A=600(1.0016)^48
A= 600*1.07975
A= 647.85
Interest = 647.85-600= $47.85
Answer:
no
Step-by-step explanation:
Answer:
The answer can be explained here: theraleighregister.com/the-diagram-shows-the-width-and-area-of-a-rectangl.html
Step-by-step explanation:
Answer:
probably linear graph 'cause it's in a straight line
Answer:
(d) -0.253
Step-by-step explanation:
According to a z-score table for a standard normal distribution, a z-score of -0.25 corresponds to the 40.13th percentile, and a z-score of -0.26 corresponds to the 39.74th percentile.
Interpolating those values gives us the z-score for the 40th percentile. The 40.13th percentile is twice as close to the 40th percentile than the 39.74th, thus:
The answer is (d) -0.253.
