Adding what rational expressions?
Answer:
Step-by-step explanation:
<u>Given:</u>
- I = 5% = 0.05
- t = 2 years
- Let the sum is x.
<u>Simple interest:</u>
<u>Compound interest:</u>
- CI = x*(1 + 0.05)² - x = 1.1025x - x = 0.1025x
<u>The difference is 230:</u>
- 0.1025x - 0.1x = 230
- 0.0025x = 230
- x = 230/0.0025
- x = 92000
Hi
Here is you answer mate
But don’t forget to mark me the brainliest
Plug the applicable numbers into the compound interest formula and see which is more.
A = p(1+r/n)nt
A = future amount
p =principal investment
r = interest rate as a decimal
n = number times compounded per year
t = time in years
A = 5000(1+.0743/365)365(10)
= 5000(1.000203562)3650 = $10,510.38
A = 5000(1+.075/4)4(10)
= 5000(1.01875)40 = $10,511.75
As you can see these are practically equal, but the 7.5% quarterly is more.
The answer is 7/9.Hope it helps