When 605,000 is written in scientific notation, what will be the value of the exponent?
1 answer:
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Solution: Mark's initial amount
Mark invest's his inheritance amount in savings account with an annual interest of 3.1%. Therefore, the Mark's interest amount after 1 year is:
Therefore, total amount Mark will have after 1 year =$30930
Now Charles also has $30000 from his inheritance.
Charles invests his inheritance in a CD paying 5.8% annual.
Therefore, interest amount for Charles after 1 year is:
Therefore, total amount Charles will have after 1 year =$31740
Therefore, Charles will have $31740 - $30930 = $810 more than Mark