Answer:
1.11333333
Step-by-step explanation:
I calculated using Symbolab
sorry if its wrong
Answer:
Sherry's Method of depositing $200 as a principal now with an interest at 4% compound at monthly will result in more money after two years.
Step-by-step explanation:
We use the Total Amount generated using compound interest formula to solve this question
Formula =
Total Amount(A) = P(1 + r/n)^nt
a) For Harrison
Principal = $200
Interest rate = 2% = 0.02
Time = 2 years
n = compounding quarterly = 4
A = P(1 + r/n)^nt
A = $2,000(1 + 0.02/4)^2×4
A = $2,000(0.005)^8
A = $ 2081.4140878
A = $ 2,081.41
b) For Sherry
Principal = $200
Interest rate = 4% = 0.04
Time = 2 years
n = compounding monthly = 4
A = P(1 + r/n)^nt
A = $2,000(1 + 0.04/12)^2×12
A = $2166.2859184
A = $ 2,166.29
The Total Amount for
Harrison = $ 2,081.41
Sherry = $ 2,166.29
Hence, from the above calculation, Sherry's Method of depositing $200 as a principal now with an interest at 4% compound at monthly will result in more money after two years.
Answer:
34 and 19.
Step-by-step explanation:
Since the sum of the two numbers is 53, x+y=53. Since the difference is 15, x-y=15.
Adding x+y=53
and x-y=15,
The ys cancel, leaving 2x=68, or x=34. Therefore, 34-y=15, or y=19.
Answer:
44
Step-by-step explanation:
1/2m-3/4n=16 , m when n=8
1/2m-3/4n=16
1/2m - 3/4(8) = 16
1/2m - (8 x 3)/4 = 16
1/2m - (24/4) = 16
1/2m - 6 = 16
1/2m = 16 + 6
1/2m = 22
m = 22 x 2
m = 44
