Answer:
option 2
Step-by-step explanation:
I hope that's the answer cause I'm pretty sure it is
Answer:
5000
Step-by-step explanation:
The 5 is in the "thousand" place, so it would be 5000
The answer is B. one hundred four and thirty two ten-thousandths
Answer:
0.125
7.50/60=1.25
since there 60 minutes in one hour you would divide the hourly rate by 60.
Answer:
The compounded annually account will earn more interest over 10 years
Step-by-step explanation:
The rule of the simple interest is I = Prt, where
The rule of the compounded interest is A = P
, where
- n is the number of periods
The interest I = A - P
∵ Each account start with $200
∴ P = 200
∵ They have an interest rate of 5%
∴ r = 5% = 5 ÷ 100 = 0.05
∵ One account earns simple interest and the other is compounded
annually
∴ n = 1 ⇒ compounded annually
∵ The time is 10 years
∴ t = 10
→ Substitute these values in the two rules above
∵ I = 200(0.05)(10)
∴ I = 100
∴ The simple interest = $100
∵ I = A - P
∵ A = 200
∴ A = 325.7789254
∵ I = 325.7789254 - 200
∴ I = 125.7789254
∴ The compounded interest = $125.7789254
∵ The simple interest is $100
∵ The compounded interest is $125.7789254
∵ $125.7789254 > $100
∴ The compounded annually account will earn more interest
over 10 years